Motorists drive past installed banners with pictures of Iran’s slain supreme leader Ayatollah Ali Khamenei and his son and country's's newly nominated supreme leader Ayatollah Mojataba Khamenei at the Sadeghiyeh Square in Tehran on May 31, 2026. Iran's chief negotiator warned the United States is not to be trusted, saying Tehran would not agree to any deal with Washington unless it fully secures Iranian rights. (Credit: Atta Kenare/AFP)
Iran is reviewing a proposed agreement with the United States to halt the war between the two countries, Iran's Mehr news reported on Tuesday, after U.S. President Donald Trump said talks to reach a deal were continuing.
More than three months after the U.S. and Israel launched strikes against Iran, the conflict has hardened into a stalemate while largely indirect talks to negotiate an interim deal have proved inconclusive, leaving the Strait of Hormuz largely shut.
Iran has not yet responded to a proposed final text of the temporary deal, and was taking a "stern" approach given what it sees as a history of U.S. non-compliance and longstanding mistrust, Mehr cited a source as saying. Trump said on Monday that negotiations with Iran were continuing and there would be a deal to extend the cease-fire and reopen the Strait of Hormuz over the next week.
Since mid-March, Trump has repeatedly said he is close to signing a peace agreement. A cease-fire has largely held since early April, though Iran and the U.S. have exchanged strikes several times over the past week. Oil prices fell more than 1% on Tuesday, paring the previous day's sharp gains, though a senior International Energy Agency official warned that global oil inventories could hit historically low levels.
Israel keeps up strikes in Lebanon
The war that began on Feb. 28 has killed thousands of people, mainly in Iran and Lebanon. It has caused global economic pain by pushing up energy prices since Iran effectively closed the Strait of Hormuz, which previously carried about a 5th of global supplies of oil and liquefied natural gas. It also triggered the latest round of war between Israel and Lebanese militant group Hezbollah, with Israel pursuing its deepest invasion into Lebanon in 25 years. On Tuesday, Israel incessantly struck southern Lebanon, Lebanese security sources said, a day after U.S. mediation appeared to have averted any further escalation of that war.
A partial cease-fire announced by Lebanon on Monday would entail Israel refraining from strikes on Beirut and the suburbs of the Lebanese capital, while the Hezbollah would halt its attacks on Israel.
Lebanon said it would seek to expand the cease-fire in talks with Israel in Washington on Wednesday. Israeli Prime Minister Benjamin Netanyahu is facing criticism domestically over any agreement to hold back from further attacks on Beirut, ahead of an election later this year that he is projected to lose.
Iran pushes for limited deal
In the wider war, Iran is pushing for a limited interim agreement as it tries to ease mounting economic pressure while avoiding major concessions on its nuclear programme, according to Iranian sources.
As part of any deal, Tehran is seeking an end to hostilities across all fronts, including Lebanon, access to billions of dollars in oil revenues, waivers on crude exports, a lifting of a U.S. blockade on its ports, and continued leverage over the Strait of Hormuz. Trump is under pressure to reopen the strait and curb U.S. fuel prices while not making concessions to Iran.
The Islamic Revolutionary Guards Corps said on Tuesday that 24 vessels had transited the strait in the past 24 hours after obtaining permission from the IRGC' navy. Iran threatened on Monday to expand its blockade to the Bab al-Mandeb Strait, another chokepoint at the mouth of the Red Sea, if Israel resumed strikes on Beirut.
Israel continues attacks on southern Lebanon, demolishes buildings in Bint Jbeil