Donald Trump said on May 24, 2026 [1], that a deal with Iran and the reopening of the Strait of Hormuz are largely negotiated.
The announcement follows reports of Iran's progress toward a memorandum of understanding intended to end regional conflict. Because the Strait of Hormuz is a critical chokepoint for global oil shipments, any agreement to ensure its stability has significant implications for international energy markets, and maritime security.
Trump said the comments during a press briefing in Washington, D.C., after holding calls with Israeli and Gulf allies [2]. He said that the U.S. is nearing a resolution, though he noted that the specific details regarding the waterway remain under discussion.
"The deal with Iran and opening of the Strait of Hormuz are largely negotiated," Trump said [3].
Despite the optimism regarding the broader agreement, the current operational status of the strait remains a point of uncertainty. The former president said that while progress has been made, the final terms are not yet fully settled.
"We’re close, but the exact status of the strait is still being clarified," Trump said [4].
The discussions center on a potential peace deal and the restoration of open transit through the strategic corridor. The briefing follows a series of diplomatic engagements aimed at stabilizing the region through a formal memorandum of understanding [5].
“"The deal with Iran and opening of the Strait of Hormuz are largely negotiated,"”
The potential reopening of the Strait of Hormuz and a negotiated deal with Iran would represent a major shift in Middle East geopolitics. If finalized, such an agreement could reduce the risk of accidental military escalation in the Persian Gulf and lower the risk premium on global crude oil prices by securing one of the world's most vital shipping lanes.
