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The Economic Times

Top News / The Economic Times

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Trump says Iran talks under way, calls them 'last chance' to reach deal

President Trump stated that talks with Iran are currently underway at Tehran's request. These discussions represent Iran's final opportunity to secure a favorable agreement. The negotiations aim to reopen the Strait of Hormuz and address nuclear concerns. Trump decided against new strikes after appeals from Gulf allies and Iranian officials. He also criticized major oil companies for excessive profits.

3 Aug 2026 11:53 pm