US and Iran having ‘very good discussions’, Trump says

The United States and Iran are reportedly on the verge of an interim agreement to reopen the Strait of Hormuz, a critical chokepoint for global oil and liquefied natural gas shipments. The development follows an "all-day negotiation" on Tuesday, according to U.S. President Donald Trump, who expressed optimism that the waterway "is going to be open very soon."

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They had an all-day negotiation.

Axios, citing regional sources and a U.S. official, reported that Washington aims for an announcement on Wednesday regarding the interim deal. This agreement, reportedly brokered with the assistance of Oman, would allow traffic through the strait, which has been disrupted by Iran's actions and a U.S. blockade of Iran-related shipping. The Strait of Hormuz normally carries about a fifth of global oil and LNG shipments.

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The Strait of Hormuz “is going to be open very soon,”

However, Iranian state media, quoting an informed source, suggested that any agreement with Oman on the strait's reopening would be delayed "as long as the United States continues to threaten Iran." Iran's Foreign Ministry spokesperson, Esmaeil Baghaei, confirmed that talks with Oman were positive and ongoing, focusing on establishing safe shipping lanes and respecting the sovereign rights of both nations. Iran has long sought control over the strait, which it believes it should share with Oman.

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If they back out again, they are going to get hit really hard.

Despite Trump's assertions of progress, his administration has yet to achieve its broader objectives, including dismantling Iran's nuclear program, curbing its regional influence, and facilitating the overthrow of its clerical rulers. Meanwhile, Yemen's Iran-aligned Houthis have imposed their own naval blockade on Saudi Arabia in the Red Sea, further complicating oil export routes. A recent incident saw an Indian-flagged vessel capsize and sink near Yemen after being struck by a projectile, an attack Yemen blamed on the Houthis.

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as long as the United States continues to threaten Iran.