Trump says Iran peace deal in final stages, Strait of Hormuz to reopen

President Donald Trump announced that a peace agreement with Iran is in its final stages, with the reopening of the Strait of Hormuz as a key component. The deal is being discussed with allies in the Persian Gulf and Israel, following productive conversations with leaders from Saudi Arabia, UAE, Qatar, Turkey, Egypt, Jordan, and Bahrain, as well as Pakistani mediator Asim Munir.

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Currently, the final aspects and details of the agreement are being discussed, which will be announced soon. In addition to many other elements of the agreement, the Strait of Hormuz will be opened.

Significant progress has been made, with the State Department and foreign mediators confirming substantial advancements since the ceasefire in April. Trump stated he negotiated a "memorandum of understanding on peace with Iran" during a "productive conversation" with the Gulf leaders and also had a "very good" call with Israeli Prime Minister Benjamin Netanyahu.

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I had a productive conversation with the leaders of Saudi Arabia, United Arab Emirates, Qatar, Turkey, Egypt, Jordan, and Bahrain, as well as Pakistani Marshal Asim Munir, who acts as mediator with Iran.

However, discrepancies persist regarding Iran's uranium enrichment program and potential transit fees for the Strait of Hormuz. Trump has expressed frustration with Tehran's reluctance to cease uranium enrichment and has previously threatened military action. Iran, in turn, seeks to impose tolls for passage through the Strait, a vital route for global crude oil trade, which Tehran had previously blocked in retaliation for a February offensive by the United States and Israel.

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The conversation with Israeli Prime Minister Benjamin Netanyahu went very well.