Deal with Iran that would open the Strait of Hormuz is almost agreed upon - Trump

A deal to end the war between the US and Iran has been largely agreed, US President Donald Trump said on the evening of May 23. He said the deal would include unblocking the Strait of Hormuz, a key sea route for Middle Eastern oil supplies.

"The final aspects and details of the agreement are now being discussed and will be announced shortly. Among many other elements of the agreement, the Strait of Hormuz will be opened," he wrote on Truth Social.

Iran also said the final draft of the agreement was under review, Bloomberg reported. The Iranian Foreign Ministry said on state television that the negotiation process over the past week "has been moving toward convergence of positions."

It remains unclear how the U.S. and Iran will resolve key differences, including the fate of Iran's nuclear program, Bloomberg notes. They will also have to agree on how to control the Strait of Hormuz. This crucial transportation route for global energy supplies has been effectively blocked by Iran since the war began on February 28.

Iran has previously rejected demands to give up its uranium and stop enriching it, insisting it does not intend to build an atomic bomb. Tehran also wants to charge fees to ships passing through the Strait of Hormuz.

This article was AI-translated and verified by a human editor