President Trump said Friday that Iran is “not yet ready to make a deal,” while adding that the United States can continue negotiations and is speaking with Iranian officials.

The remarks came in end-of-week comments before the weekend, with Trump saying, “We can negotiate and we are speaking to them.” He also said officials would “see what comes of Iran talks” and indicated that he believed Iran was being serious.

Trump also commented on nuclear issues, saying that “nuclear is a wave of the future.” Asked about a nuclear deal involving Saudi Arabia, he said Saudi Arabia should be a member of the Abraham Accords, the U.S.-backed normalization framework launched in 2020 between Israel and several Arab states. A Saudi accession would mark the most significant expansion of the accords since their original signing and would reshape diplomatic alignments across the Gulf.

On Canada, Trump said he was “going to put a big tariff on Canada because of the smoke.”

The comments came as geopolitics remained a focus for markets. The Strait of Hormuz, where the U.S. and U.K. were planning a meeting on protecting shipping, handles roughly one-fifth of global daily oil consumption, making it a critical chokepoint for energy supplies. Iran has repeatedly threatened to close the waterway during prior periods of escalation with Washington.

InvestingLive also noted related headlines on Iran, including a New York Times report that Trump had met with top advisers to decide whether to increase military pressure on Iran.

Crude oil futures settled at $89.31, according to InvestingLive.