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President Donald Trump has announced that the United States and Iran have largely negotiated an agreement that would reopen the Strait of Hormuz and bring an end to hostilities. Writing on Truth Social, Trump said he held calls with leaders of Saudi Arabia, UAE, Qatar, Pakistan, Türkiye, Egypt, Jordan, and Bahrain regarding a Memorandum of Understanding for peace.
He also spoke with Israeli Prime Minister Benjamin Netanyahu. The Strait of Hormuz has been contested since the war involving Iran, the US, and Israel broke out in February, disrupting global oil supplies and sending crude prices soaring.
Key Points:
Reopening the strait would ease global oil supply disruptions and likely lower crude prices.
The deal postpones nuclear negotiations, meaning uranium enrichment remains unresolved.
A peace agreement could reduce military tensions in the Middle East and stabilise energy markets.
Trump’s multilateral call suggests a coordinated regional approach rather than bilateral US-Iran talks.
Final details are still under discussion, leaving room for last‑minute collapse
Sources: TheCable, Truth Social
