Trump Says Deal To Reopen Strait of Hormuz Could Come As Early As Wednesday
Trump said talks with Iran and Oman are advancing on a 60-day shipping arrangement as oil prices eased on hopes of restored traffic.
- On Tuesday, President Donald Trump announced a deal to reopen the Strait of Hormuz could be finalized within 48 hours, citing "very good discussions" with Iran. The agreement would potentially restore transit through the waterway.
- The war, which began on February 28, paralyzed maritime traffic through the strait and caused global oil prices to surge. A June 17 ceasefire agreement collapsed after hostilities resumed, leaving the waterway volatile.
- Iranian Foreign Ministry spokesman Esmail Baghaei maintains that ongoing discussions are bilateral with Oman, not the U.S. The proposed 60-day plan reportedly involves Iran and Oman coordinating shipping lanes, with service fees split between the states.
- Financial markets rallied as Brent crude fell 1.2% to $78.43 per barrel on Wednesday on hopes of resolution. However, Houthi militants reportedly attacked a Saudi tanker in the Red Sea, demonstrating that broader maritime threats continue.
- With midterm elections approaching, Trump faces mounting pressure to end the unpopular war. Analysts warn that past failures suggest the ceasefire may remain fragile, especially as broader issues like Iran's nuclear program remain unresolved.
214 Articles
214 Articles
Trump says a deal to reopen the Strait of Hormuz could happen any day now
U.S. President Donald Trump said a deal to reopen the Strait of Hormuz could come as early as Wednesday, as Iran and Oman inched toward an agreement on the critical waterway that could ease pressure on the global economy and potentially help bring an end to the war.The U.S., along with Israel, launched the war on Feb. 28, citing various goals including toppling Tehran’s government and ending its nuclear program. But the conflict has devolved int…
Analysis by Tim Lister, CNN As if they were changing winds, the plans for the future of the Strait of Ormuz—and its chances of success—are modified almost daily. US President Donald Trump said an agreement could be reached this week. “It could happen. Tomorrow or the day after tomorrow,” Trump said on Tuesday. “It’s come a long way. Me The post An agreement on the Strait of Ormuz is brewing, but it’s not the agreement Trump wants to apply first …
President Donald Trump says deal to reopen the Strait of Hormuz could come as early as Wednesday
U.S. President Donald Trump said a deal to reopen the Strait of Hormuz could come as early as Wednesday, as Iran and Oman inched toward an agreement on the critical waterway that could ease pressure on the global economy and potentially help bring an end to the war.
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