Iranian media outlets released their own details regarding the deal, and those reports seemed to indicate the U.S. is caving to Iranian demands.
A ceasefire between Iran and the U.S. appears to be collapsing as the U.S. military launched several airstrikes against Iran this week.
Iran said the Strait of Hormuz will remain closed as a result of the stalled talks, which, surprise, surprise, has caused oil prices to spike again.
Despite being under a ceasefire with hopes increasing that a peace deal would be reached soon, the U.S. launched strikes against Iran on Wednesday.
President Donald Trump is still claiming a deal is being made while also continuing to threaten Iran with military strikes.
The average price of gas reached a four-year high ahead of Memorial Day, when millions of Americans are expected to travel throughout the country
The ongoing war in Iran has significantly impacted the U.S. economy, with increased energy prices and inflation at its highest level since May 2023.
Iran’s threat comes after President Donald Trump said U.S. military ships would escort ships through the blockaded Strait of Hormuz.
Trump is claiming the U.S. has control over the Strait of Hormuz, which, as usual, stands in conflict with what Iranian officials say.
The Strait of Hormuz has been a focal point during the ongoing war in Iran, with the U.S. Navy currently blockading entry to the port.
Members of Trump's administration fear that the president is shooting himself in the foot by constantly posting about victories that haven't happened.
While the Iranian government has declared the Strait of Hormuz is open, President Donald Trump reiterated that the U.S. blockade will remain in place.