Trump flip-flops on Iran deal in 24 hours

May 24, 2026

Trump reversed his Iran deal stance within a day, which is bad for gas prices, the global economy, and anyone hoping the war ends soon.

  • Less than a day after saying an Iran deal was "largely negotiated," Trump said he is in no rush and the deal is far from finished.
  • The reversal came after pressure from Israel and US allies, with reports that the deal terms were looking worse than Obama's original one.
  • Gas prices are high worldwide, with Canadians now paying double what Americans pay and seeing a 30% jump.
  • Netanyahu wants the war to drag on to avoid his criminal trial at home, so any peace deal threatens him personally.
  • US borrowing costs are climbing as the country takes on more debt to fund involvement in the conflict, pushing the burden onto regular people.

Outlook: A deal could take several days if it happens at all, and gas prices and supply chain pressure will keep hurting people worldwide until it does.

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