President Donald J. Trump said Saturday that a deal with Iran is largely negotiated and will include the reopening of the Strait of Hormuz [1].
The agreement represents a potential shift in U.S. foreign policy aimed at ending the conflict with Iran and securing a critical global shipping lane. The Strait of Hormuz is a vital waterway for the transport of oil, and commercial goods.
Trump posted the statement on Truth Social following a phone call with Arab allies in the Middle East [1], [3]. He said that the deal is intended to resolve ongoing tensions and restore maritime access in the region.
"The deal with Iran is largely negotiated," Trump said [3]. He said that "the Strait of Hormuz will be opened" [2].
While the President framed the agreement as nearly complete, some reports suggest that uncertainty remains regarding whether the deal will be finalized [4]. Trump said that the specific terms are still being refined to ensure the agreement is sustainable.
"Final aspects and details of the Deal are currently being discussed, and will be announced shortly," Trump said [1].
The announcement on May 23, 2026 [1], comes as the U.S. administration seeks to stabilize Middle Eastern geopolitics through direct negotiation with Tehran. The reopening of the strait would alleviate pressure on global energy markets, and reduce the risk of naval confrontations in the Persian Gulf.
“"The deal with Iran is largely negotiated."”
The potential reopening of the Strait of Hormuz is a high-stakes economic move, as the waterway is the world's most important oil transit chokepoint. If finalized, this deal could signal a transition from a policy of maximum pressure to one of diplomatic engagement, though the lack of a formal signed document means the geopolitical risk remains elevated until the final details are announced.
