US no longer needs Iran deal – Trump
US President Donald Trump has declared that Washington no longer needs a deal with Iran, redirecting Vice President J.D. Vance toward domestic corruption investigations after Vance blamed the Iran conflict for Republican midterm losses.
The announcement follows Vance's criticism of the US-Israeli war on Iran, which he blamed for Republicans' defeat in last week's midterm elections. On Wednesday, the vice president questioned whether the conflict had been worth its cost, having previously pursued diplomatic efforts to end the war.
In a Truth Social post on Thursday, Trump ordered Vance to devote his "complete and total attention" to tackling domestic issues, arguing that a corruption crackdown could help balance the federal budget.
Iran's Peace Proposal
Trump offered no explanation for his claim about Iranian money, which some media outlets have interpreted as a reference to frozen Iranian assets. Tehran estimates the funds at more than $100 billion, largely consisting of oil and gas revenues held in foreign banks under US sanctions.
Iran's parliament speaker Mohammad Bagher Ghalibaf told Al Jazeera that Tehran had reached an understanding with Oman on managing the Strait of Hormuz as part of its seven-point peace proposal. He insisted that Hormuz would "never return" to its pre-war status.
The ball is now in the American court.
Ghalibaf said Tehran had submitted its peace terms through Qatari mediators but had yet to receive a formal response from Washington. The proposal calls for lifting US sanctions and the naval blockade, releasing frozen Iranian assets and ending hostilities across the region.
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