U.S. President Donald Trump, during his recent visit to the Middle East, expressed confidence that a renewed agreement with Iran over its nuclear program could soon be finalized. Trump said that diplomatic talks were going well and that there was less chance of a military confrontation while he was in Qatar.
The U.S. President credited Qatari Emir Sheikh Tamim bin Hamad Al Thani for supporting diplomatic approaches and helping shape peaceful outcomes in the region. Trump’s visit was part of broader efforts to ease tensions in the Gulf and build regional alliances.
Sources suggest that the agreement under discussion would involve Iran giving up its reserves of highly enriched uranium in return for relief from American sanctions. Ali Shamkhani, a top advisor to Iran’s Supreme Leader Ayatollah Ali Khamenei, indicated Tehran’s openness to such an arrangement, signaling a potential breakthrough.
The possibility of a deal had an immediate impact on global markets—oil prices dropped over 3% as investors anticipated that Iranian oil could soon re-enter international markets, increasing supply.
Beyond nuclear diplomacy, Trump’s Gulf visit also focused on economic cooperation. In Qatar, he announced a substantial deal with Boeing valued at $200 billion. Earlier in Saudi Arabia, he secured deals totaling $600 billion in sectors including defense, aviation, and energy.