US Begins Preliminary Talks on Next Phase of Action, Possible Peace with Iran Amid Ongoing Conflict

Published: Mar 22, 2026 15:17

Save

According to a US official and people familiar with the matter, after three weeks of fighting in Iran so far, the Trump administration has begun preliminary consultations on arrangements for the next phase of action and possible peace talks with Iran. However, US officials said the fighting is expected to continue for another two to three weeks. In addition, the official said that any ceasefire agreement must meet the following conditions: the reopening of the Strait of Hormuz, a resolution to the issue of Iran’s stockpile of highly enriched uranium, and the conclusion of a long-term agreement on Iran’s nuclear program, ballistic missiles, and its support for proxy armed groups in the region.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Data: SHFE, DCE market movement (Mar 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026

1 hour ago

Aluminum Alloy Futures Dip, Spot Market Holds Steady Amid Limited Sentiment Recovery

[SMM Daily Review of Aluminum Alloy] Futures: The aluminum alloy 2604 contract opened at 22,750 yuan/mt today. After a brief dip in early trading, it then fluctuated upward. It attempted to move higher multiple times during the session but failed to break the intraday high, gradually weakened in the afternoon, and accelerated its pullback late in the session. It finally closed at 22,585 yuan/mt, down 165 yuan/mt from the previous settlement price, a decline of 0.73%. Spot: The ADC12 market as a whole continued to hold prices steady today. Although aluminum prices showed signs of stabilizing today, market sentiment recovered only to a limited extent, and enterprises generally chose to delay price adjustments and remain on the sidelines. Demand side, downstream order improvement was not obvi

1 hour ago

3 hours ago

East China Market Sellers Held Prices Firm, While Transaction Premiums Continued to Narrow [SMM Midday Spot Aluminum Commentary]

3 hours ago