Trump says deal to reopen the Strait of Hormuz could come this week

Trump says deal to reopen the Strait of Hormuz could come this week  AP News

U.S. President Donald Trump says a deal to reopen the Strait of Hormuz could come as early as Wednesday

Iran and Oman inched toward an agreement on the critical waterway that could ease pressure on the global economy and potentially help bring an end to the war.

The U.S., along with Israel, launched the war on Feb. 28, citing various goals including toppling Tehran’s government and ending its nuclear program.

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.

U.S. President Donald Trump says a deal to reopen the Strait of Hormuz could come as early as Wednesday

President Trump signaled late Tuesday that the U.S. and Iran were close to a deal to reopen the Strait of Hormuz, a key oil-shipping corridor. “It could happen. Tomorrow or the next day,” Trump said after traveling to Los Angeles for a fundraising event hosted by the Republican National Committee. “A lot of progress ha

Oil prices initially eased on hopes of a deal that would allow shipping to resume but later inched upward.

Attacks on shipping in the region continue as part of a recent 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.

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.