Trump says deal to reopen the Strait of Hormuz could come as early as Wednesday

U.S. President Donald Trump stated a deal to reopen the Strait of Hormuz could be announced as early as Wednesday. Iranian and Omani negotiators have finalized a draft agreement, awaiting approval from Iran’s supreme leader, which would temporarily resolve the U.S.-Iran dispute over maritime transit in the strait. The closure of the strait has disrupted global oil and gas shipments, driving up fuel prices and straining the economy.