President Donald Trump said a peace deal with Iran is nearly finished, potentially ending a conflict that has lasted 75 days [1].
The agreement would resolve a volatile military standoff and address global economic concerns. Because the Strait of Hormuz is a critical shipping lane, any resolution regarding its status directly impacts international oil prices and maritime security.
Speaking from the White House Oval Office in mid-April, Trump said the U.S. is seeking a comprehensive settlement. "The war is close to over and we are very close to a deal that will reopen the Strait of Hormuz," Trump said [2].
Reports from the period of April 13 and 14, 2026, suggest that the administration is prioritizing a resolution to ease regional tensions [3, 4]. Trump said reporters that the U.S. is seeking a "good deal" with Iran that specifically includes limits on the Iranian nuclear program [5].
Despite the optimism, some reports indicate a lack of consensus regarding the strategic shipping lane. While Trump said the press there is a deal imminent to reopen the Strait of Hormuz [6], other reports suggested the president hinted at ending the war without necessarily reopening the waterway [7]. This contradiction persists as some sources describe the Hormuz standoff as intensifying even as diplomatic progress is signaled [8].
Pakistan has reportedly proposed new talks between the U.S. and Iran to facilitate these negotiations [3]. The administration's focus remains on balancing nuclear non-proliferation with the immediate need to stabilize energy markets disrupted by the ongoing conflict.
“"The war is close to over and we are very close to a deal that will reopen the Strait of Hormuz."”
The potential deal represents a shift toward diplomatic resolution after 75 days of active conflict. However, the discrepancy regarding the Strait of Hormuz suggests that while a ceasefire may be attainable, the most critical economic lever—the flow of oil through the strait—remains a primary point of contention in the negotiations.
