Trump Says U.S. Currently Not Leaving the Strait of Hormuz
On May 2, U.S. President Donald Trump said the U.S. “will not leave” the Strait of Hormuz currently. He defended the U.S. blockade, calling it “very powerful,” and noted the measures are working. Trump claimed that once the war ends, prices of oil, natural gas and other commodities will collapse. He also praised the U.S. stock market’s record high and stated all projects under his administration were completed “on time” and “on budget.”
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US Media: Iran Eases Conditions for Resuming Talks with the United States
**Iran Submits New Proposal to U.S. to End War, Signals Compromise for Talks**
Iran sent a new proposal to the U.S. on May 2nd aimed at ending the ongoing conflict, showing signs of compromise to restart negotiations and resolve an impasse that has severely harmed its economy, sources familiar with the matter told The Wall Street Journal.
The proposal marks a shift toward Washington: it links Tehran’s conditions for open access to the Strait of Hormuz with U.S. commitments to halt attacks and lift the blockade on Iranian ports, with both issues to be discussed simultaneously.
Previously, Iran had insisted the U.S. lift the blockade as a precondition for talks, and demanded Washington first agree on war-ending terms before addressing the strait’s future management or its nuclear program. The new plan also includes discussions on Iran’s nuclear issues in exchange for U.S. sanctions relief.
Iran has informed mediators that if the U.S. shows openness to the proposal, it is read
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Trump Informs U.S. Congress Iran Conflict Is Over, Avoids War Authorization Process
May 2 – According to *The Wall Street Journal*, former President Donald Trump notified Congress Friday that U.S. hostile action against Iran ended in April, in a move to bypass congressional authorization. He cited the 1973 War Powers Act, which allows a president to deploy military forces overseas for up to 60 days without legislative approval—authority that expired May 1.
In his letter, Trump asserted the U.S. halted combat operations against Iran on April 7, when the two countries reached a temporary ceasefire that has since been extended. He added that if hostilities resume, the 60-day clock would reset, a legal interpretation expected to face pushback from Senate Democrats.
“Since April 7, 2026, there has been no exchange of fire between U.S. military forces and Iran,” Trump wrote. “The hostile action that began on February 28, 2026, has now ceased.” (JS)
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Trump Discusses Possibility of Face-to-Face US-Iran Meeting: Trip Would Be Very Lengthy, Currently Conducted Over the Phone
May 2: U.S. President Trump said Iran has made "significant progress" toward a deal, but he’s unsure if a final agreement will come together.
On the prospect of new face-to-face talks in Pakistan, Trump noted the U.S. "has great respect" for Pakistan and its leaders, but "the path ahead is long" — all ongoing negotiations are taking place over the phone.
Per PolyBeats data, the prediction platform Polymarket shows the probability of a "next U.S.-Iran diplomatic meeting" is 6% (five days ago), 25% (15 days ago), and 48% by month’s end.
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Trump: Either Totally Destroy Iran or Reach an Agreement
May 2: Trump says Iran faces a choice—"destroy it completely" or strike a deal. He’s not worried about U.S. missile stockpiles, notes Iranian hardliners also want a deal, and says Iran’s leadership is deeply divided (2 to 4 factions). He warns oil, natural gas, and other commodities will plummet when the conflict ends, and the U.S. isn’t leaving the Strait of Hormuz right now.
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Trump: Unhappy with Iran's Latest Proposal, Uncertain if Agreement Can Be Reached
**May 2 News Brief**
- Former President Trump said he is dissatisfied with Iran’s latest proposal. Phone negotiations are ongoing, and the outcome of a potential agreement remains uncertain.
- **Crude Oil Update (Bitget Data):** Short-term price gains have pushed Brent crude to $107.09 per barrel and WTI to $103.7 per barrel as of now.
- **Polymarket Probabilities (Monitored by PolyBeats):** Chances of a U.S.-Iran permanent peace agreement:
- By May 15: 8%
- By May 31: 21%
- By June 30: 35%
(Note: PolyBeats monitoring is linked to its Telegram bot, consistent with the original context.)
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