Trump says Iran talks 'constructive' but Tehran 'must understand' it cannot develop a nuclear weapon

Summary

Donald Trump says negotiations towards a deal with Iran are "constructive" but "both sides must take their time and get it right"
Writing on Truth Social, the US president says Tehran "must understand" they cannot have a nuclear weapon
Earlier, US Secretary of State Marco Rubio said "significant progress" had been made, but there was still "work to do"
Iranian foreign ministry spokesperson Esmail Baghaei says the US and Iran's apparent convergence in the last week does not mean agreements would be reached on key issues
Key questions: How did we get here? Who's said what? What do we know about the potential deal?
Meanwhile, there are reports that a potential deal could involve a 60-day ceasefire extension and the reopening of the Strait of Hormuz - here's why the shipping lane is important
Iran and the US had originally agreed to a two-week ceasefire which was later extended to facilitate peace talks

Live Reporting

Edited by Rorey Bosotti

Strait of Hormuz 'will not return' to pre-war status - Iranian mediapublished at 08:10 BST 24 May

Image source, Getty Images
Under an agreement between the US and Iran, the Strait of Hormuz "will not return to its pre-war status" reports Iran's semi-official Tasnim news agency.
The Islamic Revolutionary Guard Corps (IRGC)-affiliated news outlet has been reporting details of the deal with the US throughout the morning, however there has been no confirmation from the US on the details of any agreement.
Tasnim reports that the strait will not return to the status quo immediately, but that the number of ships passing through the strait will be restored to pre-war levels within 30 days.
However, it adds that Iran "emphasises exercising its sovereignty over the strait".
It adds that the US' naval blockade on ships entering and exiting Iranian ports must be "completely lifted" within 30 days.
Trump says agreement to bring end to Iran war 'largely negotiated'published at 08:05 BST 24 May

Image source, Getty Images
US President Donald Trump says an agreement with Iran has been "largely negotiated" and details will be announced soon.
In a Truth Social post on Saturday, Trump said the deal would include reopening the Strait of Hormuz.
This morning, Iran's semi-official Tasnim news agency says the Strait would return to pre-war levels within 30 days, and adds that a potential deal would see the cessation of attacks on all fronts.
We're shortly expecting to hear from US Secretary of State Marco Rubio following his meeting with India's foreign minister in New Delhi - you can watch live above once it gets under way.
Iranian foreign ministry spokesman Esmail Baghaei told state television yesterday that US and Iranian positions had been converging in the last week.
But he warned that did not mean agreements would be reached on key issues and accused the Americans of "contradictory statements".
Trump also said he had a "very good call" with the leaders of Saudi Arabia, the United Arab Emirates, Qatar, and others about a "Memorandum of Understanding pertaining to PEACE".
"An agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries, as listed," Trump said.
We'll bring you the latest developments on this story throughout the day, stay with us.