US president says peace agreement with Iran could be ‘even better than a military victory’.2 min readJun 2, 2026 06:23 AM IST First published on: Jun 2, 2026 at 06:22 AM IST ShareWhatsapptwitterFacebookPresident Donald Trump speaks during a Cabinet meeting at the White House. (Photo: AP)US President Donald Trump has said an agreement with Iran to extend the current ceasefire and reopen the Strait of Hormuz could be reached “over the next week”, according to ABC News.Speaking in a phone interview, Trump said progress in talks was positive despite a brief setback. “Looking good, looking good,” he said, adding: “There was a little glitch today, but I turned that one around very quickly.”He said the issue arose after Iran reacted to Israeli strikes in Lebanon. “The Iranians were upset,” Trump said, adding that he spoke to both sides to calm the situation. “I spoke with Hezbollah… and I talked to Bibi and said no shooting, and they both stopped.”pic.twitter.com/MwB4Cj2Pwg— Rapid Response 47 (@RapidResponse47) June 1, 2026Deal still under discussionTrump said discussions are ongoing and a final agreement has not yet been reached. “I still have to get a few more points,” he said.He added that both sides face challenges in reaching a deal. “It’s not a simple thing. You’re talking about a very large country… tremendous hostility,” he said. “It’s not easy from our standpoint either, but we’re getting what we need.”Also read Trump says Israel won’t attack Lebanon after call with NetanyahuThe president said a successful agreement could go beyond military gains. “A peace agreement with Iran could be even better than a military victory,” he said.Story continues below this adStrategic importance of Strait of HormuzThe Strait of Hormuz is one of the world’s most important shipping routes, carrying a large share of global oil supplies. Any disruption in the strait has a direct impact on global energy markets and regional stability.Most ReadTensions in the region have remained high in recent months, with periodic clashes involving Iran, Israel and armed groups in Lebanon.The United States and Iran have been engaged in indirect negotiations aimed at reducing tensions and avoiding further escalation in the Gulf region. The ceasefire under discussion is seen as a step towards stabilising the situation and ensuring safe passage through key maritime routes.AdvertisementLoading Recommendations...AdvertisementLive BlogJEE Advanced 2026 Result Live Updates: Results out, AAT and JoSAA counselling schedule announced17 minutes agoUS Iran Israel War News Live Updates: Israel says rockets fired at country’s north after Trump announced shooting would ‘stop’38 minutes agoAP EAMCET 2026 Results Date, Time Live Updates: Results delayed, fresh dates awaited7 hours agoMamata Banerjee Address Live Updates: Mamata claims police threats to MLAs, announces protest ‘tomorrow’11 hours ago‘Not seeking concession, just became mother’, says Vinesh Phogat as Supreme Court clears her for Asian Games trials18 hours ago