US Sees Possibility of Diplomacy With Iran as War Costs Rise

WATCH: President Donald Trump says Iran gave the US a “very big present worth a tremendous amount of money.” Source: Bloomberg

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By Jennifer A Dlouhy, Courtney Subramanian, and Jen Judson

March 24, 2026 at 4:46 PM UTC

Updated on

March 25, 2026 at 1:30 AM UTC

President Donald Trump signaled that Iran had offered a “present” as a show of good faith in negotiations he has claimed are ongoing to end a 25-day conflict that’s upended global markets, even while the US deploys more troops to the Middle East.

Trump wouldn’t detail the gift, “worth a tremendous amount of money,” but confirmed it was related to energy flows through the Strait of Hormuz. A Thai ship passed through the vital waterway earlier Tuesday, Iran’s Tasnim news agency reported.