President Donald Trump said Saturday that a peace deal with Iran is largely negotiated and could end the current regional conflict [1].
The potential agreement is critical because it aims to restore the flow of oil through the Strait of Hormuz, a move both sides said would benefit U.S. interests and regional stability [2].
Trump announced the progress through posts on Truth Social, saying that the U.S. is close to a deal that will open the Strait of Hormuz [3]. Despite the progress, the president described the likelihood of a final agreement as a "solid 50/50" [4]. He said that the alternative to a deal would be the resumption of military strikes against the Iranian regime [4].
A decision on whether to resume those strikes will be made by May 24, 2026 [5].
While some officials signal progress amid a fragile ceasefire [6], other reports indicate the conflict remains ongoing with no formal ceasefire declared [7]. The primary focus of the current negotiations is the cessation of war, and the reopening of the strategic waterway [8].
There is a lack of consensus regarding the scope of the talks. Some reports suggest the nuclear issue is not yet on the table [7], while others state the deal focuses exclusively on the war and the Strait of Hormuz without mentioning nuclear concerns [8].
Trump said the peace deal with Iran is largely negotiated [1]. He said, "It's a solid 50/50" [4].
“"The peace deal with Iran is largely negotiated."”
The tight deadline of May 24 creates a high-stakes window for diplomacy. By framing the outcome as a coin flip between a peace deal and renewed military strikes, the U.S. administration is using maximum pressure to secure the reopening of the Strait of Hormuz, a vital artery for global energy markets, while potentially decoupling the immediate ceasefire from the more complex, long-term Iranian nuclear dispute.
