Donald Trump ‘Doesn’t Care’ If Iran Talks Are Over, Says Oil Will Drop ‘Like a Rock’: Report

The president reportedly dismissed concerns over a potential breakdown in U.S.-Iran negotiations and predicted crude prices will soon fall.
President Donald Trump conducts a news conference in the White House briefing room about the war in Iran on Monday, April 6, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
President Donald Trump conducts a news conference in the White House briefing room about the war in Iran on Monday, April 6, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
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Aveek Bhowmik·Stocktwits
Published Jun 01, 2026   |   1:58 PM EDT
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  • Trump said reports of Iranian negotiators halting communications with the U.S. do not concern him.
  • Iran has reportedly threatened to block the Strait of Hormuz, a key global oil shipping route.
  • The president said he plans to speak with Israeli Prime Minister Benjamin Netanyahu about developments involving Lebanon.

President Donald Trump on Monday reportedly brushed aside concerns over a possible collapse in U.S.-Iran peace negotiations, saying he was unconcerned by reports that Tehran may halt communications with Washington.

Trump dismissed concerns that U.S.-Iran negotiations could be nearing an end.

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The comments came during a phone interview with CNBC, following reports that Iranian negotiators plan to halt communications with Washington due to Israel's military operations in Lebanon.

“I don’t care if they’re over, honestly,” Trump said. “I really don’t care. I couldn’t care less.” 

Trump Plans To Speak With Netanyahu On Lebanon

Trump also said he intends to discuss the situation in Lebanon with Israeli Prime Minister Benjamin Netanyahu.

“I’m going to ask him what’s going on with Lebanon,” Trump told CNBC.

The comments come amid rising tensions in the Middle East, with Israel’s military actions in Lebanon drawing attention from regional and global leaders.

Trump Dismisses Oil Price Concerns

The president also downplayed concerns about rising oil prices after Iranian state media reported that Tehran is threatening to “completely block” the Strait of Hormuz while also halting negotiations with the US.

Despite the latest developments, Trump said he expects oil prices to move lower.

“I think the oil will be dropping like a rock in the very near, you know, the very near distance,” he said.

Iran Pauses Talks Amid Lebanon Escalation

Iran's Tasnim news agency said on Monday that Tehran has stopped exchanging messages with the U.S. through mediators, citing attacks on Lebanon, according to a report in Reuters. This comes as diplomatic efforts to end the three-month conflict continue.

Tasnim also reported that Iran and its regional allies, including groups in Yemen, Lebanon and Iraq, are considering measures such as blocking the Strait of Hormuz and increasing pressure around the Bab el-Mandeb Strait in response to Israel's actions and support from its allies. 

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