US and Iran far from deal as bond rout piles pressure on Trump

The US and Iran remained far apart on a deal to end weeks of war and reopen the Strait of Hormuz, with President Donald Trump expressing renewed frustration with Tehran as a selloff in global bonds heightened concern about the conflict’s economic fallout.

Trump signaled his patience was wearing thin, posting on social media Sunday that “For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them. TIME IS OF THE ESSENCE!”

Iran’s semi-official Fars news agency said the US had set five main conditions for a peace deal, including transferring uranium tied to Iran’s nuclear program to the US, providing no reparations to Tehran and unfreezing less than a quarter of Iran’s frozen assets. Fars cited no source, and the US hasn’t publicly commented on the reported terms.

Meanwhile, the semi-official Mehr news agency said Washington offered “no tangible concessions” while seeking demands it failed to secure during the war, a stance the agency said was leading to an impasse in negotiations.