Hopes for peace between the U.S. and Iran appear to still be on the table. In a cabinet meeting Wednesday, President Donald Trump shared his vision for a potential U.S.-Iran peace deal, saying a “good deal” could be finalized soon.But the president went further, insisting a “perfect” deal would include an immediate order to resume all shipping through the Strait of Hormuz.”One of the things that will happen is the Strait will open immediately, immediately,” he said. “It’s got to be perfect. I didn’t do this to get a crummy agreement.”Trump also issued a warning to Oman after reporters asked if he would accept a deal allowing Iran and Oman to share control over the Strait of Hormuz. While both countries border the strait, Trump shot down the idea.”No one’s going to control it,” he said. “We’re going to watch over it.” The president also stressed that a deal must ensure Iran does not acquire a nuclear weapon or receive sanctions relief. He also called for broader diplomatic changes in the Middle East, requiring countries such as Saudi Arabia, Qatar, and Pakistan to join the Abraham Accords and normalize relations and trade with Israel. Despite recent U.S. “self-defense” strikes and Iran’s promise of retaliation this week, Trump said energy prices would drop immediately if a deal is reached. He highlighted the U.S.’ “tremendous amounts” of oil, gas, and coal as factors that could drive down energy costs. He also floated the idea of suspending the national gas tax with congressional approval. Secretary of State Marco Rubio suggested that new updates on talks with Iran could emerge within the “next few hours and days,” emphasizing that diplomacy remains the administration’s top priority. One major challenge in the negotiations is determining who should take custody of Iran’s enriched uranium, which could be used to make a nuclear weapon. Reporters pressed the president on whether the U.S. should allow Russia or China to take over Iran’s uranium stockpile. Trump replied, saying he was not comfortable with the idea. Nuclear analysts have noted that both countries, Russia and China, could be acceptable third parties to owning the uranium, and, under the original Iran nuclear deal reached during former President Barack Obama, Russia took custody of Iran’s uranium supply.Watch the latest on peace talks between the U.S. and Iran:

WASHINGTON —

Hopes for peace between the U.S. and Iran appear to still be on the table. In a cabinet meeting Wednesday, President Donald Trump shared his vision for a potential U.S.-Iran peace deal, saying a “good deal” could be finalized soon.

But the president went further, insisting a “perfect” deal would include an immediate order to resume all shipping through the Strait of Hormuz.

“One of the things that will happen is the Strait will open immediately, immediately,” he said. “It’s got to be perfect. I didn’t do this to get a crummy agreement.”

Trump also issued a warning to Oman after reporters asked if he would accept a deal allowing Iran and Oman to share control over the Strait of Hormuz.

While both countries border the strait, Trump shot down the idea.

“No one’s going to control it,” he said. “We’re going to watch over it.”

The president also stressed that a deal must ensure Iran does not acquire a nuclear weapon or receive sanctions relief.

He also called for broader diplomatic changes in the Middle East, requiring countries such as Saudi Arabia, Qatar, and Pakistan to join the Abraham Accords and normalize relations and trade with Israel.

Despite recent U.S. “self-defense” strikes and Iran’s promise of retaliation this week, Trump said energy prices would drop immediately if a deal is reached.

He highlighted the U.S.’ “tremendous amounts” of oil, gas, and coal as factors that could drive down energy costs. He also floated the idea of suspending the national gas tax with congressional approval.

Secretary of State Marco Rubio suggested that new updates on talks with Iran could emerge within the “next few hours and days,” emphasizing that diplomacy remains the administration’s top priority.

One major challenge in the negotiations is determining who should take custody of Iran’s enriched uranium, which could be used to make a nuclear weapon.

Reporters pressed the president on whether the U.S. should allow Russia or China to take over Iran’s uranium stockpile. Trump replied, saying he was not comfortable with the idea.

Nuclear analysts have noted that both countries, Russia and China, could be acceptable third parties to owning the uranium, and, under the original Iran nuclear deal reached during former President Barack Obama, Russia took custody of Iran’s uranium supply.

Watch the latest on peace talks between the U.S. and Iran: