Trump says a deal to reopen the Strait of Hormuz could happen any day now

U.S. President Donald Trump stated on Tuesday evening that a deal to reopen the Strait of Hormuz could be finalized as early as Wednesday. The critical waterway, through which a fifth of the world's oil and natural gas once passed, has been largely shut down due to Iranian threats and attacks on shipping. This blockade has led to soaring fuel and basic goods prices, impacting the global economy.

Trump, along with Israel, initiated the war against Iran on February 28, with goals including toppling Tehran’s government and halting its nuclear program. However, the conflict has shifted focus to the strait, causing global concern. Trump expressed optimism about progress in recent negotiations between Iran and Oman, despite the fact that attacks on shipping have continued.

Regional officials confirmed that negotiators have finalized a draft deal, pending final approval from Iran's supreme leader. The deal reportedly aims to resume negotiations over Iran's nuclear program. However, the U.S. administration has ruled out any arrangement that grants Iran control over the strait, emphasizing that any deal must uphold sovereign rights while addressing national security concerns.

Despite hopes of a deal, attacks on shipping persist, with recent incidents including an Iranian-backed Houthi rebel attack on a Saudi oil tanker in the Red Sea and a cargo ship being hit by an unknown projectile in the Strait of Hormuz. Additionally, the United Nations' human rights chief criticized the increase in executions and death sentences in Iran since March, attributing it to the regime's attempt to suppress dissent.