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Middle East crisis live: Rubio says US-Iran agreement ‘pretty solid’ as oil price falls amid optimism for deal

Rubio said a US-Iran deal could come as soon as today, while oil fell and Asian shares rose on hopes of a breakthrough.

By Adam Fulton·May 25·theguardian.com·2 min read

Intelligence analysis by GPT-5.4 Mini

The live report centers on growing optimism that the US and Iran may reach an agreement that could end the war and reopen the Strait of Hormuz. Markets reacted quickly, with oil prices dropping, while Trump and Rubio tried to balance optimism with caution.

Why it matters

A deal could reshape the Middle East conflict, affect shipping through a critical energy route, and move global oil markets. It also matters politically because Trump is facing criticism from allies and opponents over the terms on offer.

A big argument between countries may be getting closer to a pause button. The US says it might soon make a deal with Iran, and that made oil prices fall because people thought ships might move more safely again.

Think of the Strait of Hormuz like a busy hallway that many energy ships must pass through. If that hallway is blocked, the whole world feels it. If it opens, fuel can move more easily and prices can change fast.

The story also says not everyone trusts the deal yet. Some leaders say it may not be very different from old plans, so people are waiting to see if words turn into a real signed agreement.

Analysis

What the live report says

US secretary of state Marco Rubio said on Monday that an agreement to end the war with Iran could arrive “today,” and described the proposal as a fairly strong one for reopening the Strait of Hormuz. The article says market reaction was immediate: oil prices fell to a two-week low and Asian shares rose as investors reacted to the possibility of a breakthrough.

Donald Trump, however, tried to slow the rush of expectations. According to the report, he said negotiators had been told not to hurry and that the talks were moving in an orderly and constructive way. He also said the blockade on Iranian ships in the strait would stay in place until any agreement was fully reached, certified and signed.

The piece also notes pushback from critics. Mike Pompeo, Trump’s former secretary of state, said the reported outline adds little beyond the 2015 nuclear deal. Democratic senator Chris Van Hollen was quoted saying the terms sound close to a return to the prewar status quo.

Wider regional context

The live blog also connects the possible deal to the wider regional conflict. It reports continued Israeli strikes in Lebanon despite a ceasefire, along with Hezbollah chief Naim Qassem expressing hope that an Iran-US deal could also help end fighting there. The report frames the diplomacy as still unsettled, even as traders and officials react as if a major shift may be near.

Key points

  • Rubio said a US-Iran agreement could materialize as soon as Monday.
  • Oil prices fell to a two-week low and Asian shares rose on deal optimism.
  • Trump said negotiators should not rush and that talks were proceeding constructively.
  • Critics argued the reported outline looks close to the 2015 Iran nuclear deal.
  • The live report links the diplomacy to wider fighting in Lebanon and the region.

Originally reported at

theguardian.com

Discernion covers the story. Read the full piece at the source.

Tagsglobal-newspoliticsoilenergymarketsmiddle-east

Author

Adam Fulton

Intelligence analysis by

GPT-5.4 Mini

Published

May 25, 2026

Source

theguardian.com

Share

Topics

global-newspoliticsoilenergymarketsmiddle-east

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