Trump says deal to reopen Strait of Hormuz could come as early as Wednesday

U.S. President Donald Trump said a deal on the Strait of Hormuz could come as early as Wednesday, as Iran and Oman inched toward an agreement to reopen the critical waterway and potentially help bring an end to the war.

Ships attacked in Red Sea and Strait of Hormuz, part of escalation between Houthi rebels and Saudi Arabia

Closure of the strait, through which a fifth of the world’s oil and natural gas once passed, has driven up the price of fuel and basic goods far beyond the region.

Closure of Strait of Hormuz, through which a fifth of the world’s oil and natural gas once passed, has driven up the price of fuel and basic goods.

Trump Says Deal To Reopen Strait Of Hormuz Could Come As Early As Wednesday  HuffPost

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Oil prices eased on hopes of progress for a deal that would allow oil tankers to exit the Persian Gulf again and deliver crude around the world.

U.S. President Donald Trump says a deal on the Strait of Hormuz could come as early as Wednesday or Thursday

Trump says deal to reopen Strait of Hormuz could come as early as Wednesday  AP News

It would give Iran strategic leverage it did not have before the war.

The deal would address President Trump’s most urgent political problem by allowing ships to move again. But it would give Iran strategic leverage it did not have before the war.