Trump and Iran Move Toward New Peace Agreement

Updated: 11:45 PM PKT — June 5, 2026

An adviser to Iran’s Supreme Leader has stated that the United States can end the current negotiation deadlock by restoring Iran’s $24 billion in frozen assets. In an interview, the official described the sum as ‘Iran’s money, not America’s’ and a viable path to an agreement.

The official accused the US of sabotaging the diplomatic process and violating ceasefire agreements on three separate occasions, including through military actions and a naval blockade. He warned that the US will either face a ‘harsh response’ or be compelled to accept Iran’s conditions.

Updated: 7:10 PM PKT — June 5, 2026

US President Donald Trump has stated he would be open to meeting Iran’s Supreme Leader if a nuclear agreement is reached, calling it a potential ‘honor.’ He said key points of a deal would be revealed soon, including the immediate opening of the Strait of Hormuz.

In the same address, Trump claimed the US had ‘destroyed’ Iran’s navy and air force, stating ‘all its 159 ships are at the bottom of the sea.’ He warned that the killing of US troops by Iran could be a reason to return to war, while also asserting that the US is monitoring Iranian nuclear sites from space.

Updated: 6:39 PM PKT — June 5, 2026

Diminishing hopes for a peace deal between the United States and Iran are affecting global commodity markets, with copper prices falling on Friday amid renewed concerns about inflation and geopolitical instability. Benchmark three-month copper on the London Metal Exchange (LME) dropped 1.1% to $13,771.50 a metric ton.

The market downturn reflects increased risk sentiment in growth-dependent metals as the prospects for a diplomatic resolution to the conflict appear to be fading.