New talks 'last chance' for Iran to forge deal, avoid escalation of U.S. strikes: Trump
President Donald Trump has declared upcoming talks with Iran as the 'last chance' to avoid further military escalation and secure the Strait of Hormuz. Despite recent U.S. strikes, Trump claims he halted a massive planned attack at the request of Gulf allies to allow for diplomacy.
Why it matters
The situation represents a critical flashpoint in U.S.-Iran relations, with significant implications for global oil trade and regional stability in the Middle East.
Newly planned talks with Tehran are the “last chance” for Iran to forge a deal and avoid an escalation of US strikes on the country, President Donald Trump said on Monday (August 3, 2026).
Mr. Trump, speaking at the Oval Office, said he expects negotiations that will reopen the Strait of Hormuz and create a pathway for Iran to address the United States' concerns about its nuclear programme will begin in the next day or two.
“The first phase is the opening of the straits. The second phase will be the denuclearisation," the Republican President said. “And that will take a little while.”
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