Trump Expects Iran Negotiations to Begin Soon, Cites 'Last Chance' for Deal

Why it matters locally: Potential disruptions to global oil markets due to the Strait of Hormuz situation could indirectly affect fuel prices and the cost of goods for Virginia consumers and businesses.

WASHINGTON D.C. — President Donald Trump announced Monday from the Oval Office he anticipates negotiations with Iran will begin within the next day or two. The President characterized these upcoming discussions as a "last chance" for Iran to reach an agreement. Trump described the expected talks as a pathway for Iran to address the United States' concerns regarding its nuclear program. He also indicated the negotiations would focus on reopening the Strait of Hormuz, a critical shipping lane.