President Trump convened a meeting with senior national security advisers on May 29 to weigh options on a potential nuclear agreement with Iran, according to multiple reports. No deal was announced following the session, and a White House official indicated Trump would only accept terms that satisfy his established red lines on Iran's nuclear program.

Defense Secretary Pete Hegseth said publicly that the United States stands ready to restart strikes against Iran if negotiations fail to produce an acceptable outcome. The statement underscored the administration's effort to maintain military pressure as a negotiating tool even while diplomatic discussions remain ongoing.

Complicating the diplomatic picture, sources told NBC News that Iran may have used a Chinese-supplied missile to shoot down a U.S. fighter jet, an allegation that, if confirmed, would significantly raise tensions between Washington and Tehran — and potentially Beijing. The reported incident has not been officially acknowledged by the Pentagon.

On the economic front, U.S. sanctions on Iran have taken a significant toll, though a so-called shadow fleet of tankers has continued to move Iranian oil to buyers willing to circumvent Western restrictions, blunting the full impact of the pressure campaign. The Strait of Hormuz, a critical chokepoint for global oil supply, remains a focal point of concern should the situation escalate toward renewed conflict.

The outcome of the talks remains uncertain. Analysts note that the gap between U.S. demands — which include strict limits on uranium enrichment and restrictions on Iran's ballistic missile program — and what Tehran has publicly indicated it will accept remains wide. Further rounds of talks are expected, but no timeline for a resolution has been set.