What did Trump and Vance say about the prospects for a U.S.-Iran deal, and what immediate action did Trump take regarding military escalation?

Trump said the war would be over 'very quickly' and revealed he was 'an hour away from making the decision to go' with a new U.S. attack before pausing it due to a new Iranian proposal; Vance stated 'We're in a pretty good spot here' and acknowledged difficulties negotiating with a 'fractured Iranian leadership' while emphasizing U.S. red lines and the goal of preventing regional nuclear proliferation.

What are the key terms of Iran's latest peace proposal as reported by Iranian officials, and how did Trump respond to it?

Iran's latest proposal, per Iranian state media and officials, includes ending hostilities on all fronts (including Lebanon), U.S. troop withdrawal from areas near Iran, reparations for damage caused by U.S.-Israeli attacks, lifting of sanctions, release of frozen funds, and ending the U.S. marine blockade; Trump rejected this offer last week as 'garbage', and the article notes the terms 'appeared little changed from Iran's previous offer'.

Tankers Exit Strait of Hormuz as Trump, Vance Discuss Iran Deal Prospects

May 19, 2026

Two Chinese oil tankers exited the Strait of Hormuz following positive US statements on an Iran peace deal. Brent crude prices eased as market sentiment improved regarding potential resolution of the conflict disrupting global energy supplies.

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