Trump says US will guide ships out of Strait of Hormuz

President Trump told Congress this week that hostilities "have terminated."

Last Updated: May 3, 2026, 9:04 PM EDT

President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military, government and infrastructure sites.

Following the announcement of a two-week ceasefire, initial U.S.-Iran talks in Pakistan in April failed to reach a peace deal.

Trump later announced the open-ended extension of the ceasefire and the continuation of the blockade until Iran's proposal is submitted and discussions are concluded "one way or the other."

May 01, 2026, 12:56 PM EDT

Trump says he's 'not happy' after Iran talks

President Donald Trump speaks to reporters as he departs the White House in Washington, May 1, 2026.
Kevin Lamarque/Reuters

President Donald Trump said Friday that he is "not happy" after recent talks with Iran.

"We just had a conversation with Iran. Let's see what happens. But I would say that I am not happy," Trump told reporters before departing the White House.

Trump said the Iranian leadership is "very disjointed" and "argumentative with each other."

"They come back -- one says one thing, one says another. They're very confused," he said, adding that he's "not satisfied" with what's been offered.

May 01, 2026, 12:40 PM EDT

US targeting foreign currency exchange houses

The Trump administration is targeting foreign currency exchange houses that it says help the Iranian military access revenues from oil sales.

"Because Iran primarily settles its oil sales in Chinese yuan, these exchange houses play a critical role in converting oil revenues into currencies that are more readily useable by the Iranian military and its partners and proxies," the Treasury Department said in a statement Friday.

Treasury Secretary Scott Bessent said the action was taken as part of the "Economic Fury" campaign.

"Today’s designations further disrupt the Iranian regime’s mechanisms for receiving payments for oil and other commodities, thereby increasing costs and reducing revenue for the regime’s destabilizing activities, and exposing individuals and the methods the Iranian regime uses to bypass sanctions and abuse the international financial system," Bessent said in a statement.

The move follows actions by the Treasury Department earlier this week to target entities in Iran's shadow banking network that it says help the country evade sanctions.

-ABC News' Chris Boccia

May 01, 2026, 5:38 AM EDT

Flotilla activists to be taken to Greece, Israel to detain 2 participants

Israel says most of the activists it detained in the Mediterranean near Crete, who were part of a flotilla attempting to break the blockade of Gaza, were taken to Greece.

On Thursday, the Greek foreign ministry said it had "urged Israel to withdraw its vessels from the area and offered its diplomatic assistance by agreeing to host the passengers on its territory and ensure their safe return to their home countries."

The Israeli Foreign Ministry said it would detain two of the members of the flotilla. Palestinian Saif Abu Keshek, whom Israel accuses of "suspected of affiliation with a terrorist organization, and Brazilian citizen Thiago Avila, whom Israel says is "suspected of illegal activity," will be taken to Israel for questioning.

-ABC News' Jordana Miller

Apr 30, 2026, 4:34 PM EDT

Trump says Iran 'dying' to make deal

President Donald Trump said in the Oval Office that Iran is "dying to make a deal," adding, "hopefully it can be worked out very soon," despite the fact that in-person negotiations with the regime are stalled after Trump cancelled the latest round of peace talks.

When asked about the future of negotiations, Trump said, "Nobody knows what the talks are except myself and a couple of other people."

“I mean, Iran is dying to make a deal. I can only tell you that. I don't want to get into it, but they got -- they cannot be nuclear other than that. But they are,” Trump said.

President Donald Trump speaks during an executive order signing in the Oval Office of the White House, April 30, 2026 in Washington.
Andrew Harnik/Getty Images

-ABC News’ Nicholas Kerr, Emily Chang and Isabella Murray

Related Topics

Sponsored Content by Taboola