Trump Says Iran Deal Largely Done — Strait of Hormuz Set to Reopen!

President Donald Trump announced that a peace agreement with Iran has been largely negotiated and is subject to final sign-off between the United States, Iran, and other relevant parties. Trump indicated he plans to announce the deal shortly, with a key outcome being the reopening of the Strait of Hormuz — the critical chokepoint through which roughly 20% of global oil supply transits.

Iran had previously signaled that talks were making progress, with the current phase focused on ending active fighting across all fronts. Broader disputes, including nuclear and sanctions issues, are expected to be addressed in a later stage of negotiations.