U.S. Treasury Secretary Signals Possible Agreement with Iran

by AJP Posted : May 29, 2026, 07:30Updated : May 29, 2026, 07:30
U.S. Treasury Secretary Scott Vesant
U.S. Treasury Secretary Scott Vesant [Photo=White House]
Scott Vesant, the U.S. Treasury Secretary, has indicated the possibility of an agreement in negotiations for an extension of the ceasefire with Iran. However, he clarified that this should not be interpreted as a definitive agreement. The U.S. is keeping the door open for negotiations while insisting on key conditions, including a ban on tolls for passage through the Strait of Hormuz and the initiation of nuclear talks.

On May 28, Vesant responded positively to questions from reporters regarding the potential for an agreement with Iran, stating, "The final decision rests with President Donald Trump." He emphasized that Trump would not accept a 'bad deal.'

Vesant's comments came shortly after reports emerged that the negotiating teams from both countries were nearing a temporary agreement for a 60-day ceasefire extension. This proposal reportedly includes the resumption of commercial shipping through the Strait of Hormuz and the commencement of negotiations addressing Iran's nuclear program. However, neither the White House nor Iranian officials have officially confirmed the final agreement.

The key conditions set by the U.S. include free passage through the Strait of Hormuz and the initiation of nuclear negotiations. The issues at stake regarding the Strait involve a ban on tolls, while the nuclear discussions focus on limiting Iran's nuclear activities and verification methods.

On the same day, Vesant stated on X that any attempts to impose tolls in the Strait of Hormuz would not be tolerated. He also warned Oman, which has played a mediating role, against involvement in or support for such plans. He made it clear that individuals and entities involved could face sanctions from the Treasury Department.

Washington has also implemented additional sanctions, targeting eight vessels and international companies linked to Iran's military-related oil sales. This move signals that while discussions on extending the ceasefire and easing sanctions are ongoing, the U.S. aims to prevent oil imports from being used to fund military activities.



* This article has been translated by AI.