TRUMP SAYS DEAL TO REOPEN STRAIT OF HORMUZ COULD COME AS EARLY AS WEDNESDAY

On August 4, 2026, U.S. President Donald Trump said a deal to reopen the Strait of Hormuz could be announced as early as Wednesday or Thursday, following talks with Iranian officials. The announcement would end a blockade that has restricted oil traffic out of the Persian Gulf amid ongoing conflict in the region.

Speaking to reporters in California, Trump confirmed that the U.S. is close to an agreement with Iran and Oman, citing the Axios report that the Middle Eastern government could declare a deal the next day. He added, “It could happen. Tomorrow or the next day. A lot of progress has been made.” Oil markets reacted, with Brent crude falling 1.2% to $78.43 per barrel early Wednesday as traders priced in the potential easing of the blockade. Regional officials said the proposed agreement would place shipping routes under the control of Iran and Oman.

The Strait of Hormuz is a critical chokepoint through which a significant portion of the world's oil passes. Its closure has disrupted global supply chains and intensified geopolitical tensions. Reopening it would mark a major step toward normalizing trade and could influence the broader conflict in the region.

• Trump announced a possible Hormuz deal announcement for Wednesday or Thursday.
• All‑day talks with Iran were reported by the Times of Israel and corroborated by Axios.
• Brent crude fell 1.2% to $78.43 per barrel on hopes of a reopening agreement.

Read the original source for full detail available at Associated Press src