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Trump says Iran gave the US ‘a very big present’ related to oil and gas

Trump said Iran gave the U.S. a major oil and gas concession linked to the Strait of Hormuz, while Iran denied talks; oil prices dropped 11%, signaling market impact.

  • On Tuesday, President Donald Trump claimed the U.S. is negotiating with "the right people" in Iran, asserting Tehran agreed to "never have a nuclear weapon" and sent a "very big present" related to oil and gas.
  • This diplomatic development follows a month-long conflict that has killed over 1,500 people in Iran and disrupted global energy supplies, prompting Trump to pause strikes on Iranian power infrastructure for five days.
  • Iranian officials denied the alleged negotiations, with Parliament Speaker Mohammad Bagher Ghalibaf calling Trump's claims "fake news" used to "manipulate" oil markets, while a military spokesman vowed to fight "until complete victory."
  • Markets reacted sharply, with Brent crude falling more than 10 percent on the announcement, while Pakistan Prime Minister Shehbaz Sharif offered to host potential talks between the United States and Iran.
  • Uncertainty persists regarding whether a deal exists; if these diplomatic overtures fail, analysts warn renewed escalation could disrupt vital Persian Gulf energy flows and undermine U.S. credibility.
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U.S. President Donald Trump said Tuesday that the representatives of Iran with whom Washington is talking "have agreed that they will never have the nuclear weapon."

Lean Right

U.S. President Donald Trump said Tuesday that the representatives of Iran with whom Washington is talking “have agreed that they will never have the nuclear weapon.”

Lean Left

The US president confirmed that negotiations with Iran are underway.

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Anadolu Ajansı broke the news in Ankara, Türkiye on Monday, March 23, 2026.
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