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President Trump addresses Iran negotiations and oil industry profits

Published August 4, 2026 at 6:32 AM UTC

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President Donald Trump stated on Monday that ongoing negotiations with Iran represent the final opportunity for the country to reach a diplomatic agreement and avoid further military escalation. Speaking at the White House, the president described the situation as a last chance before potential, more severe actions. While the United States has engaged in military strikes during the conflict, which began in February 2026, Trump noted that he recently held off on a planned, larger-scale operation at the request of regional allies, including Saudi Arabia, the United Arab Emirates, and Qatar. Iran has publicly disputed the claim that direct negotiations are currently taking place, maintaining that any discussions remain indirect.