Trump forecasts Iran deal within days, promises immediate Strait of Hormuz reopening
Donald Trump claims diplomatic agreement with Tehran is in final stages, with potential resolution to restore vital shipping lanes within 72 hours.
Former US President Donald Trump has indicated that a diplomatic agreement with Iran could be finalised within two to three days, asserting that the Strait of Hormuz would reopen immediately upon the conclusion of the deal. Speaking to reporters in New York after attending the NBA Finals, Trump characterised the potential agreement as being in the final stages and described it as a "very, very good deal".
The comments come as the Strait of Hormuz remains closed due to Iranian actions, a situation that has contributed to elevated oil prices and exerted economic pressure on the United States. Trump’s assertion regarding the immediate reopening of the shipping lane suggests a significant shift in the geopolitical landscape, although the feasibility of such a rapid resolution remains subject to verification.
Indirect peace negotiations, mediated by Pakistan, are currently ongoing between the two nations. Tehran has linked its diplomatic stance to the ceasefire situation in Lebanon, seeking access to frozen oil revenues valued at tens of billions of dollars and aiming to limit Israeli escalation against Hezbollah. The Iranian leadership has engaged in tit-for-tat strikes, appearing emboldened by its current military posture as it seeks leverage in these talks.
Market reactions to broader diplomatic movements have been noted recently. US stock indices rose during a summit between President Donald Trump and Chinese President Xi Jinping in Beijing, where the agenda included trade, artificial intelligence, and tensions surrounding Iran. The Dow Jones Industrial Average gained 0.8 per cent, while the S&P 500 and Nasdaq Composite also posted gains during the two-day meeting.
While Trump’s timeline for the Iran deal is specific, the actual status of negotiations and the extent of Iranian commitment remain unclear. Analysts note that Trump’s history of making bold statements that do not always materialise warrants caution. The source material from CNBC highlights the former president's confidence, but the complex interplay of regional conflicts and frozen assets suggests that a smooth diplomatic resolution may face significant hurdles.
