Deal to reopen Strait of Hormuz could come as early as Wednesday, Trump says
President Trump indicated that a deal to reopen the Strait of Hormuz could be announced this week, following negotiations between Iran and Oman. The potential agreement, which would require the U.S. to lift port blockades, aims to stabilize global energy markets and de-escalate the ongoing conflict.
Why it matters
Reopening the Strait of Hormuz is vital for global energy security, as a significant portion of the world's oil and gas supply passes through this strategic waterway.
U.S. President Donald Trump walks toward Air Force One Tuesday at Los Angeles International Airport, Tuesday. Mark Schiefelbein/The Associated Press
Iran said Wednesday it is in the “final stage” of drafting an agreement with Oman over the Strait of Hormuz, and U.S. President Donald Trump has said a deal could be announced this week. That could potentially reopen the critical waterway, ease pressure on the world economy and help bring an end to the war.
But the agreement is likely to be contingent on the U.S. lifting its blockade on Iran’s ports. The Trump administration has previously ruled out any deal that would cement Iran’s grip over the strait, which would amount to a major loss for the U.S. and a break with global norms.
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