President Donald Trump said he expects an agreement within one week [1] to extend the cease-fire with Iran and reopen the Strait of Hormuz.

The potential deal would resolve critical tensions in one of the world's most volatile maritime chokepoints. Reopening the strait is essential for global energy markets, and the stability of international shipping lanes.

Trump said negotiations between the U.S. and Iran are progressing [1]. This statement serves as a direct rebuttal to previous reports suggesting that diplomatic talks between the two nations had collapsed [1].

In a statement relayed via social media, Trump said, "Negotiations with Iran are continuing at a fast pace" [1]. He said the timeline for a formal resolution is imminent, and he believes an agreement to extend the truce and reopen the waterway will be reached within the coming week [1].

The announcement comes as the administration seeks to stabilize regional security. The Strait of Hormuz remains a focal point of geopolitical tension, and any formal agreement to ensure its openness would likely reduce the risk of direct military confrontation in the region.

Trump's optimism regarding the pace of the talks suggests a shift in diplomatic momentum. While the administration has not released the specific terms of the pending agreement, the focus remains on the immediate cessation of hostilities, and the restoration of maritime traffic [1].

Negotiations with Iran are continuing at a fast pace

A successful extension of the cease-fire and the reopening of the Strait of Hormuz would signal a significant diplomatic breakthrough. Because the strait is a primary artery for global oil exports, this agreement would likely lower global energy price volatility and reduce the immediate threat of naval escalation in the Persian Gulf.