President Trump announced Saturday that an agreement between the United States, Iran, and several regional partners has been “largely negotiated, subject to finalization.”
The statement, released through the White House, identifies the reopening of the Strait of Hormuz as a key provision of the emerging deal and names multiple countries as parties to the broader framework.
If finalized, it would mark one of the most significant diplomatic developments of Trump’s presidency and a dramatic turn in a conflict that has roiled global energy markets for months.
The announcement comes after 84 days of intensifying pressure on Tehran, during which the Trump administration paired crippling sanctions enforcement with direct and indirect diplomacy across the Middle East.
The Strait of Hormuz, the narrow waterway through which roughly one-fifth of the world’s oil supply passes daily, has been at the center of the standoff.
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