Trump says Iran deal to reopen Strait of Hormuz is “largely negotiated.”
Donald Trump said a major agreement with Iran to reopen the strategically important Strait of Hormuz is “largely negotiated” and could be officially announced soon.
The Strait of Hormuz is one of the world’s most important oil shipping routes. Ongoing tensions and conflict in the region have disrupted global energy supplies, increased fuel prices, and added pressure to inflation in the United States and other countries.
In a social media post on Saturday, Trump said he spoke with leaders from Saudi Arabia, United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan, and Bahrain, along with Israeli Prime Minister Benjamin Netanyahu, to help finalize the agreement.
According to Trump, the proposed deal is still waiting for final approval from all parties involved. One of the key goals is reopening the Strait of Hormuz to restore smoother global oil and energy trade.
Iran’s foreign ministry confirmed that both sides are discussing a first-stage memorandum of understanding, which could lead to broader negotiations within the next 30 to 60 days.
However, several major disagreements still remain. Iranian media reports suggested that Iran wants to keep control of the Strait of Hormuz and described Trump’s comments about reopening the route as incomplete.
Another unresolved issue is Iran’s nuclear program. Trump’s administration has repeatedly demanded that Iran give up highly enriched uranium and permanently end any possibility of developing nuclear weapons. Iran has reportedly delayed deeper nuclear talks until a formal ceasefire is fully secured.
The conflict between the U.S. and Iran has already caused serious economic concerns worldwide. Rising oil and energy prices have contributed to higher inflation, while investors worry central banks may respond with higher interest rates.
Reports also indicate that Gulf nations, including Saudi Arabia, Qatar, and the UAE, have pushed for diplomatic solutions to avoid further military escalation and additional damage to global energy markets.
Although a fragile ceasefire has been in place since April, tensions continue as negotiations move forward. Observers say the coming days could be critical in determining whether a lasting agreement can finally be reached.
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