Trump says Iran talks are going smoothly, but rules out direct talks with Araghchi

WASHINGTON/MUSCAT — U.S. President Donald Trump said on October 31 that negotiations with Iran are "going along well," while cautioning that Tehran is difficult to trust, telling reporters in Mar-a-Lago that Iran "agreed and then backs off" and that it remains to be seen whether a deal will actually materialize. Iranian Foreign Minister Abbas Araghchi responded positively to U.S. overtures for dialogue but drew a line at direct talks, saying there is no need to meet American officials at this stage. Trump claimed the U.S. has neutralized most of Iran's military and nuclear-related capabilities, saying Washington has little reason to rush an agreement, with one or two facilities still to be addressed. The comments signal continued indirect engagement without a breakthrough, keeping sanctions relief and oil supply expectations in flux. Markets will watch for any announcement of a deal text, whether Araghchi softens his stance on direct meetings, and U.S. actions regarding the remaining facilities.