Trump Predicts Iran Deal Within 1 Week to Reopen Strait of Hormuz
Updated
Updated · abcnews.com · Jun 1
Trump Predicts Iran Deal Within 1 Week to Reopen Strait of Hormuz
7 articles · Updated · abcnews.com · Jun 1
A memorandum of understanding to extend the ceasefire and reopen the Strait of Hormuz could be agreed within a week, Trump said, adding that several points still need to be settled.
A flare-up earlier Monday nearly disrupted the talks after Iran objected to Israeli attacks on Lebanon, but Trump said he intervened with Hezbollah and Israeli Prime Minister Benjamin Netanyahu to halt the exchange.
Trump described the prospective accord as potentially “even better than a military victory,” while stressing that negotiations remain difficult given deep hostility between Washington and Tehran.
Reopening the Strait would mark a key step toward stabilizing a vital global oil shipping route after the latest regional fighting threatened traffic through the waterway.
With fighting raging despite Trump's claimed ceasefire, can a US-Iran deal survive while their allies remain at war?
The global economy is hostage to the Hormuz closure. Who will blink first in this high-stakes US-Iran economic standoff?
As a deal is struck, what hidden dangers lie within Iran's unmonitored nuclear program and its uranium stockpile?
Strait of Hormuz Crisis 2026: Negotiation Deadlock, Oil Price Volatility, and the Battle for Regional Control
Overview
As of June 1, 2026, negotiations to fully reopen the Strait of Hormuz remain uncertain due to significant unresolved issues, especially around Iran's nuclear program and the management of the strait. Earlier investor optimism led to a sharp drop in oil prices, but this faded after recent setbacks in talks. Despite these challenges, a ceasefire has mostly held since April, even as a U.S. naval blockade continues. The situation reflects a fragile balance, with ongoing complications in discussions and persistent security concerns shaping both regional stability and global energy markets.