Trump Defends Iran Peace Deal as GOP Feuds Over 60-Day Ceasefire and Strait of Hormuz
Updated
Updated · Forbes · May 24
Trump Defends Iran Peace Deal as GOP Feuds Over 60-Day Ceasefire and Strait of Hormuz
9 articles · Updated · Forbes · May 24
Trump on Sunday told critics to ignore “losers” attacking an Iran peace deal he said is still being negotiated, a day after saying the agreement was largely complete and would be announced shortly.
The emerging deal reportedly would have Iran give up enriched uranium stockpiles in exchange for billions of dollars in frozen assets, while reopening the Strait of Hormuz, which carries about 25% of global oil flows.
Republican resistance sharpened around a rumored 60-day ceasefire: Ted Cruz called the outlines “deeply concerned,” Roger Wicker warned the war effort could be “for naught,” and the White House profanely rebuked Mike Pompeo.
Lindsey Graham, after warning the deal could strengthen Iran-backed militias, shifted Sunday to praise it if it brings Arab and Muslim allies into the Abraham Accords.
The dispute lands nearly three months into a war Trump had expected to last four to five weeks, with 13 U.S. service members killed and Hormuz disruptions driving fuel prices higher.
As the US announces a peace deal, why does Iran publicly deny that negotiations are even happening?
How will the world's most vital oil route be secured after Iran proved it can be shut down at will?
With billions in assets unfrozen, what prevents Iran from funding future regional instability?
On the Brink: US-Iran Peace Framework, Nuclear Uncertainty, and the Global Oil Shock of 2026
Overview
As of May 24, 2026, Washington and Tehran are close to finalizing a 'largely negotiated' peace deal after intensive talks that began following an early April ceasefire. This proposed agreement aims to extend the current ceasefire for another 60 days, creating space for further negotiations on unresolved issues. U.S. Secretary of State Marco Rubio has expressed optimism, hinting that positive news could come soon. The deal is designed to de-escalate the conflict that started in late February 2026, reflecting a significant step toward reducing tensions and opening the door for continued diplomatic efforts.