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President Donald Trump on Tuesday said that Iran has agreed to no longer have nuclear weapons, reiterating that he believed the United States has <a href="https://x.com/StateDept/status/2036522343263006867?s=20">already won the war</a>.

"It starts with no nuclear weapons. And they've agreed to that," Trump told reporters in the Oval Office about ongoing talks with Iranian officials. "They're not gonna have enrichment, any of those things."

Trump also said Iran’s new leadership gave the United States a "very significant prize" related to energy and the Strait of Hormuz, the major waterway used to ship global oil.

"They gave us a present and the ⁠present arrived today, and it was a very big present, ​worth a tremendous amount of money," Trump said, further suggesting that the U.S. was talking to "the right people" in Iran in order to reach a deal to end ​hostilities.

"It wasn't nuclear, it was oil-and gas-related, and it was a very nice thing they did,” he added.

According to Trump, special envoy Steve Witkoff, his son-in-law Jared Kushner, Vice President JD Vance, and Secretary of State Marco Rubio are involved ⁠in ​negotiations with Iran.

Tehran, however, has <a href="https://x.com/mb_ghalibaf/status/2036108959417827447">denied</a> that talks are even being held with the United States.

“No negotiations with America have taken place. Fake news is intended to manipulate financial and oil markets and to escape the quagmire in which America and Israel are trapped,” Mohammad Bagher Ghalibaf, the parliamentary speaker, <a href="https://x.com/mb_ghalibaf/status/2036108959417827447?s=20">wrote on X</a>.

Meanwhile, Wall Street's main indexes were volatile on Tuesday as oil prices and U.S. Treasury ​yields rose as investors reacted to the latest reports on the Middle East conflict, now in its fourth week. This comes after the market had a relief rally the day before following Trump’s p‌ostponement of strikes on Iranian power plants amid ongoing talks.

Trump insisted on Tuesday that the United States remains in "about the best bargaining position" in ongoing talks, saying Iran no longer has a Navy or Air Force, and "most of their missiles are gone."

He also praised the support from allies in the U.S.-Israel military campaign against Israel, specifically naming Saudi Arabia, Qatar, and the United Arab Emirates.

The president just the day before announced he had given orders to postpone ​any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict.

He wrote on Truth Social that the U.S. and Iran had "VERY GOOD AND PRODUCTIVE" conversations over the past two days about a "COMPLETE AND TOTAL RESOLUTION OF HOSTILITIES IN THE MIDDLE EAST."

<em>Reuters contributed to this report. </em>

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