Iran's rial climbs nearly 12%

US President Donald Trump told reporters aboard Air Force One that negotiations with the Islamic Republic were "going OK."

However, Trump cautioned against premature optimism, saying, "Nothing matters until you get it done. So, I don't like talking about it... The Iran situation is going pretty good, I think.”

"It was the Obama-Kerry position that we should trust Iran, implement a joke of a deal filled with loopholes that gave Iran billions, and hope for the best," Republican Senator Tom Cotton said.

"President Trump has been clear that Iran must not obtain a nuclear weapon. Remember, Iran is developing a missile program that could hit America. A nuclear Iran is an existential threat to not just our allies—but to us," he added.

Cotton made the remarks in reaction to a post by American broadcaster Mark Levin in which he criticized the Biden administration's handling of Iran's nuclear program.

Iranian officials have indicated that, as part of any renewed agreement, they are seeking the rapid removal of US nuclear-related sanctions, The Wall Street Journal reported on Saturday.

They are also pushing for the release of billions of dollars currently frozen in foreign accounts and want the United States to stop pressuring Chinese companies that purchase Iranian oil, the report added citing Iranian and Arab sources.

In return, the report said, Iranian representatives have conveyed to European interlocutors that Tehran would be willing to scale its nuclear enrichment back to the levels permitted under the 2015 agreement, which the US exited during Donald Trump’s first presidential term.

Under the Joint Comprehensive Plan of Action (JCPOA), Iran agreed to restrict its uranium enrichment to no more than 3.67% U-235, far below the roughly 90% needed for weapons-grade material.

A draft text presented by Donald Trump’s envoy, Steve Witkoff, to Iran’s delegation in Oman makes no mention of “dismantling Iran’s nuclear program” or any threat of “military action” against Iran, Ali Khamenei’s representative Hossein Shariatmadari said Saturday citing an informed source.

"It only emphasizes ensuring the non-weaponization of Iran’s nuclear activities,” said the editor-in-chief of the hardline Kayhan daily.

The Sunday edition of the daily features Shariatmadari's article under the front-page headline: “The prospect of a deal with Trump is unclear; don’t keep the country waiting.”

The Iraqi Ministry of Foreign Affairs on Saturday expressed hope that the talks between Tehran and Washington "will lead to positive outcomes in the near future, contributing to the reduction of tensions and the building of trust between the two sides, in a way that serves the interests of the region’s peoples and strengthens security and peace."

The ministry said Baghdad "values the positive signs that resulted from the first round of dialogue between the two sides."

"The ministry reaffirms Iraq’s consistent position in support of diplomacy and negotiated solutions, considering them the best means to resolve disputes and enhance stability at both the regional and international levels."