Trump seeks changes to Iran deal draft, sources say — updated

President Donald Trump reportedly asked his team to amend elements of a draft agreement negotiated with Iran, according to senior U.S. officials. Sources say the requested changes center on the handling of enriched uranium and the wording around reopening the Strait of Hormuz.

According to reporting, Trump convened a Situation Room meeting on May 29 to review the memorandum of understanding and told advisers he would only sign a deal that met his red lines and prevented Iran from ever possessing a nuclear weapon. The draft includes a 60-day window to negotiate nuclear commitments and sanctions relief, but officials say details on disposal of enriched uranium remain vague and were the focus of Trump’s requested edits.

Markets are watching closely because the Strait of Hormuz is a key conduit for global oil shipments; previous swings in U.S.-Iran negotiations have produced sharp moves in Brent and WTI futures. Reports that the U.S. and Iran were nearing terms had recently eased some supply concerns, while renewed uncertainty or delay tends to push prices and market volatility higher.

Iranian state media and officials have said the agreement has not been finalized and stressed that concrete actions, not words, are required for trust. The draft contemplates gradual lifting of some U.S. restrictions and a timetable for removing mines and reopening the strait, but Tehran has signaled it will demand reciprocal steps and access to frozen funds as part of any package.

Analysts say Trump’s interventions aim to harden enforcement and verification measures, but they also risk prolonging talks as negotiators revise language and seek reciprocal concessions. For markets, the immediate focus will be on any technical responses from Iran within days and whether oil flows through the Strait of Hormuz can return to normal; a prolonged stalemate would sustain oil price upside and broader risk premia.