President Donald Trump said a deal to extend the U.S. cease-fire with Iran and reopen the Strait of Hormuz could be reached within the next week [1, 2].
The potential agreement would stabilize a critical maritime chokepoint and pause direct hostilities between Washington and Tehran. This move follows a period of heightened tension and regional volatility that has threatened global energy markets.
Trump said this during a White House meeting with senior advisers [2]. He said the timeline for the deal depends on the resolution of what he described as a "glitch" involving fighting between Israel and Hezbollah [1, 4].
According to reports, the administration believes the U.S. can secure the cease-fire and ensure the reopening of the Strait of Hormuz once the Israel-Hezbollah conflict is resolved [1, 4]. The Strait of Hormuz is one of the world's most important oil transit points, and its closure or restriction has historically caused significant spikes in global oil prices.
Trump said these views on Tuesday, June 2, 2026 [3]. The administration has not released the specific terms of the proposed extension, or the conditions required to finalize the agreement.
White House officials have previously linked broader regional stability to the cessation of hostilities among various proxies and state actors in the Middle East. The current focus on the "glitch" suggests that the U.S. views the Israel-Hezbollah dynamic as the primary obstacle to a formal truce with Iran [1].
“A deal to extend the U.S. cease-fire with Iran and reopen the Strait of Hormuz could be reached within the next week.”
This development suggests the U.S. is attempting to decouple the direct conflict with Iran from the broader regional skirmishes, provided those skirmishes are first neutralized. By linking the reopening of the Strait of Hormuz to the Israel-Hezbollah ceasefire, the administration is utilizing economic leverage and maritime security as bargaining chips to incentivize a wider regional de-escalation.
