President Donald Trump said Saturday that a peace deal with Iran has been largely negotiated and will include reopening the Strait of Hormuz [1].

The announcement comes at a critical moment for global energy markets and regional stability. The Strait of Hormuz is one of the world's most strategic chokepoints for oil transit, and any agreement to ensure its openness could reduce volatility in international shipping.

Trump shared the update via a post on Truth Social [2]. He said that the U.S. and Iran have a memorandum of understanding pertaining to peace [3]. According to Trump, this framework focuses on stabilizing the region and securing maritime access.

"The deal has been largely negotiated and will include opening the Strait of Hormuz," Trump said [1].

However, the announcement has not been met with full consensus from Tehran. Some Iranian officials said that the key issue of nuclear weapons is not part of an initial framework the two nations are working on [4]. Additionally, reports indicate that Tehran disputes the deal, suggesting it may not include the specific provisions Trump described [5].

Despite these contradictions, Trump emphasized the progress made toward a diplomatic resolution. He said that the memorandum of understanding represents a significant step toward peace [3]. The U.S. administration has not yet released the full text of the agreement to the public.

"The deal has been largely negotiated and will include opening the Strait of Hormuz."

The discrepancy between Trump's claims and the response from Tehran suggests a gap between a diplomatic framework and a finalized, enforceable treaty. While the reopening of the Strait of Hormuz would be a major economic win for global oil markets, the exclusion of nuclear weapons from the initial talks indicates that the most contentious security issues remain unresolved.