Trump Says Strait of Hormuz Shipping Deal Could Be Reached as Early as Wednesday
By LifeScope News | Middle East, Global Trade & Energy President Donald Trump says the United States is close to reaching an agreement that could reopen the Strait of Hormuz as early as Wednesday , offering what could become the most significant diplomatic breakthrough since fighting between the U.S. and Iran disrupted one of the world's busiest maritime trade routes. Speaking to reporters, Trump said negotiations were progressing well and expressed confidence that a deal could soon restore commercial shipping through the strategic waterway. His comments came as American, Iranian, and Omani negotiators continued intensive discussions aimed at ending months of disruptions that have shaken global energy markets. The Strait of Hormuz is one of the world's most important shipping corridors. Under normal conditions, roughly 20% of global oil consumption and a substantial share of the world's liquefied natural gas exports move through the narrow passage separating Iran ...