Iran and the U.S. have not yet reached a final agreement to reopen the Strait of Hormuz despite progress in negotiations [1].

The resolution of this maritime blockade is critical for global energy markets and the cessation of a conflict that has lasted three months [1].

An Iran Foreign Ministry spokesman said Monday that the two sides have reached a consensus on many issues, but a final deal is not imminent [1]. The statement follows a period of intense negotiation between Tehran and Washington to resolve the blockade and end the hostilities.

President Donald Trump (R-FL) said Sunday that the deal is largely negotiated but noted a continuing dispute over the specific details of the strait's reopening [2]. Trump said, "We will not rush into a deal" [2].

U.S. officials have said that the timeline for a resolution remains fluid. One unnamed U.S. official said it could take a few more days before an agreement is finalized [3].

Despite the reported progress, both nations cite deep-seated mistrust and unresolved sequencing issues as primary obstacles to a signature [4]. These hurdles involve the order in which sanctions are lifted and the strait is reopened, a technicality that remains a point of contention.

While some reports suggest the parties are nearing a tentative deal, other officials have said the hope for an immediate breakthrough is low [1]. The delay reflects a cautious approach from both administrations to ensure the terms are sustainable and enforceable.

"We have reached a consensus on many issues, but a final deal is not imminent."

The stalemate over the Strait of Hormuz highlights the tension between the diplomatic desire to end a three-month war and the strategic necessity of securing verifiable concessions. Because the strait is a primary artery for global oil shipments, any agreement on its reopening is tied to broader security guarantees and sanction relief, making the 'sequencing' of these actions a high-stakes gamble for both Washington and Tehran.