Trump convenes White House crisis meeting to finalise Iran negotiations
Situation Room gathering follows Beijing summit; markets rally on deal expectations
US President Donald Trump convened a meeting in the White House Situation Room on the morning of 29 May, with the intention of reaching a final decision regarding ongoing negotiations with Iran. According to reporting by NHK News Japan, the gathering was described as a crisis management exercise aimed at concluding the diplomatic talks.
The discussions centre on a potential agreement to extend a ceasefire and guarantee unrestricted maritime traffic through the Strait of Hormuz. While Trump has previously outlined specific demands for pausing hostilities, the precise stipulations and the ultimate outcome of this latest meeting have not been publicly disclosed.
This development follows a summit held in Beijing on 14 May 2026 between President Trump and Chinese President Xi Jinping. That meeting addressed regional tensions alongside issues of trade and artificial intelligence, setting the stage for the current diplomatic push.
Financial markets have reacted positively to the prospect of a diplomatic breakthrough. Reports indicate that the Dow Jones Industrial Average has risen, reaching the 51,000-dollar mark for the first time, driven by investor expectations of progress in the US-Iran talks.
The specific terms of the final decision and the timeline for any public announcement or implementation remain unclear. The White House has not confirmed whether the meeting resulted in a signed agreement or merely a strategic direction for future negotiations.
