President Donald Trump said Tuesday that Iran has presented the United States with what he described as a “very significant” concession tied to global energy markets, signaling a potential opening in ongoing negotiations as tensions in the region remain high.

Speaking to reporters in the Oval Office, Trump characterized the development as a major breakthrough, though he declined to provide specific details.

“They gave us a present and the present arrived today, and it was a very big present, worth a tremendous amount of money,” Trump said. He added that the concession was “not nuclear,” but instead related to oil and gas, calling it “a very nice thing they did.”

Trump linked the move to ongoing discussions involving Iran’s role in energy markets and the strategic Strait of Hormuz, a critical maritime chokepoint through which roughly one-fifth of the world’s traded oil flows. “We’re talking to the right people,” the president said, adding that Iran “wants to make a deal very badly.”

The comments come amid a volatile standoff in the region, where disruptions tied to Iranian actions in and around the Strait of Hormuz have sharply reduced tanker traffic and contributed to instability in global oil prices.

U.S. officials have warned that mining activity and attacks on commercial vessels led to a steep drop in transit through the corridor in recent weeks.

The Trump administration had previously issued a 48-hour ultimatum demanding that Iran restore normal shipping through the strait or face military consequences, including potential strikes on energy infrastructure.

On Monday, Trump said he would delay those strikes for five days, citing what he called “productive conversations” with Iranian interlocutors.