"US and Iran on Brink of Deal to Reopen Key Oil-Shipping Corridor: In a surprise announcement, President Trump hinted that a breakthrough is imminent in negotiations between the US and Iran to reopen the Strait of Hormuz, a strategic waterway that has been a focal point of tensions between the two nations. With global oil prices already under pressure, a resolution to the crisis could have significant implications for the world economy. Trump's comments, made during a fundraising event in Los Angeles, suggest that a deal could be reached as early as today or tomorrow, but the details of the agreement remain unclear. As the situation continues to unfold, one thing is certain: a reopening of the Strait would be a major victory for the US and a significant relief for oil-producing nations and consumers alike."
President Trump signaled late Tuesday that the U.S. and Iran were close to a deal to reopen the Strait of Hormuz, a key oil-shipping corridor. “It could happen. Tomorrow or the next day,” Trump said after traveling to Los Angeles for a fundraising event hosted by the Republican National Committee. "A lot of progress has...
