Tuesday, August 4, 2026 - President Donald Trump has warned that Iran faces "decapitation" if it failed to reach an agreement to end hostilities between the two countries, saying Tehran had one final opportunity to strike a deal.
“Iran did not want to be hit, and they said we want to
talk,” Trump told reporters at the Oval Office on Monday, August 3.
“We’re talking at the request of Iran, backed by Saudi
Arabia, backed by UAE and backed by Qatar in particular, but others also,” he
said.
“This is the last chance for them to sign a good document,”
Trump said.
“I want to give him every last chance before decapitation,”
he said when pressed further.
Asked whether talks with Iran were now off, Trump said:
“They’re going on right now.”
“When they’re talking, they don’t like saying that they’re
talking… We’re in talks, and they’ll sometimes deny it, even though they spend
hours and hours together talking,” he said.
Trump said the talks would proceed in two phases, with the
first focused on reopening the Strait of Hormuz and the second addressing
Iran’s nuclear capabilities.
“We’re talking about the Strait, the opening of the Strait,
having it open literally by tomorrow, completely open, and that’s phase one.
And phase two is we then will talk about the nuclear capacity,” he said.
Asked where the talks would take place, Trump said the
location would be decided “today or tomorrow,” adding that discussions would
move quickly.
He also added that the US will not allow Iran to charge the ships passing
through the Strait of Hormuz. “There's not going to be charging. We're not
talking about charging at all.”
Trump said that the oil prices will drop after the US is “finished with
Iran,” while adding that top US oil producers ExxonMobil and Chevron “made too
much money.”
“When you look at one company where they made 12 times what they made the
year before, they would give some of that back to the public, and they better
cut the retail price, the consumer price. Too much money,” he said.
Iran said Monday that it is not engaged in negotiations with the US and
that it is working with Oman to establish "a temporary route" in the
Strait of Hormuz to ensure safe navigation through the strategic waterway.
“Our current discussions with Oman are focused on ensuring the safe
passage of ships in the Strait of Hormuz,” Foreign Ministry spokesperson
Esmaeil Baqaei said at a press briefing.
Baqaei rejected reports of negotiations between Tehran and Washington,
saying: “We are not having negotiations with the United States.”
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