President Donald Trump said the U.S. and Iran are getting closer to finalizing a peace deal to end the war.
The potential agreement is critical because it aims to reopen the Strait of Hormuz, a primary artery for global oil shipments that remains effectively closed due to the conflict.
Trump shared the update on social media late Saturday, May 23, 2026. He said he has read a draft of the Iran peace deal and that the two nations are nearing a resolution to the hostilities.
According to reports, the framework currently being discussed consists of 14 points [1]. While gaps remain, officials said the details of the final pact could be ironed out within a 30- to 60-day window [1].
The president coupled his optimism with a severe warning regarding the outcome of the negotiations. "I will blow them to a thousand hells if talks fail," Trump said.
A primary objective of the deal is the restoration of maritime traffic. The Strait of Hormuz will be opened once the agreement is finalized [2].
The current state of the waterway continues to be a point of contention. While the administration said the strait will open upon the deal's conclusion, current reports confirm the area remains closed to normal traffic as a result of the ongoing war.
“"I will blow them to a thousand hells if talks fail."”
The proposed 14-point framework represents a high-stakes diplomatic gamble to stabilize global energy markets. Because the Strait of Hormuz is a critical chokepoint for the world's oil supply, any deal that successfully reopens the waterway would likely reduce global inflationary pressures and lower shipping costs, though the president's aggressive rhetoric suggests the deal remains fragile.
