Iran and the US Say They're Close to a Deal on the Strait of Hormuz. Here's What It Would Take.
Officials said the temporary plan could reopen the strait, with ships paying security fees and economists warning it may ease oil prices.
- Negotiators indicate the United States and Iran are nearing a deal to reopen the Strait of Hormuz, with Iranian officials drafting an agreement that President Donald Trump suggests could be reached this week.
- The proposed arrangement would lift the United States naval blockade on Iranian ports and grant Iran partial control over the Strait, conditions Trump previously opposed.
- Economists note reopening the Strait could ease oil prices, though officials emphasize the deal remains temporary and requires approval from Iran's Supreme Leader.
- During a speech in Las Vegas on Wednesday, Trump suggested oil prices might rise before dropping "down to the floor," stating, "I'd rather make a deal because I don't want to kill people."
- Despite this progress, escalating violence in the Middle East could derail the agreement, as Israel launched strikes in Lebanon following Hezbollah truce violations and Iran-backed Houthi rebels targeted Saudi oil tankers.
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(Seoul = Yonhap News) Reporter Kang Hoon-sang = Arab mediators arbitrating the negotiations between the U.S. and Iran are concerned that even if an agreement is reached, Iranian hardliners may not abide by the agreement...
Strait of Hormuz deal: WP learns detailsA US official said that temporary routes through the Strait of Hormuz would be without permits, fees or charges. But Tehran says the deal will not automatically reopen the waterway.
Associated Press News
A deal with Iran over the Strait of Hormuz may require a compromise from Trump
To reach a deal with Iran that reopens the economically vital Strait of Hormuz, President Donald Trump may need to do something out of character — compromise.
"The negotiations are underway, an announcement could be there soon." Donald Trump said, talking about the negotiations on the reopening of the Strait of Hormuz with Iran. "We control the strait," added the tycoon speaking in the Oval Study." (ANSA). (ANSA)
U.S. President Donald Trump said Thursday that the Strait of Ormuz, a strategic maritime track that Tehran has kept closed since the beginning of the war with Iran, could be reopened "soon."
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