According to ABC News, President Trump said he expects an agreement with Iran within the next week to extend the truce and reopen the Strait of Hormuz.
President Trump said he anticipates reaching an agreement with Iran over the next week that would prolong the current truce and reopen the Strait of Hormuz, according to ABC News. The Strait of Hormuz is a critical global oil shipping chokepoint, so any reopening could ease concerns around energy flows and broader market risk sentiment. The statement reflects an expected diplomatic development rather than a completed agreement.