Trump: Talks Progress as Hormuz Reopens During Ceasefire
PUBLISHED Apr 17, 2026, 6:09 AM ET
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Washington. President Donald Trump said on Friday that talks with Iran were 'looking very good' and noted that Iran's foreign minister declared the Strait of Hormuz completely open during a 10‑day ceasefire between Israel and Lebanon, signaling a window for resumed negotiations this weekend; he told reporters outside the White House a formal signing could occur in Islamabad if an agreement is reached. Markets reacted immediately on Friday: Brent crude fell about 10 percent to roughly $89 per barrel and WTI dropped to about $81.50, while stock indices gained on reduced supply‑risk; Trump posted on Truth Social that the U.S. naval blockade on Iran would remain 'in full force' until a transaction is '100 percent complete', and Tehran has not publicly confirmed any concessions.
By Sarah Whitman | JQJO News
Aggregated From:
Timeline of Events
- Feb 28 — US‑Israeli attack on Iran reported to have initiated hostilities.
- Mid‑April — A 10‑day ceasefire between Israel and Lebanon came into effect.
- April 17 — Iran's Foreign Minister Abbas Araghchi announced the Strait of Hormuz was 'completely open'.
- April 17 — President Trump said talks with Iran were 'looking very good' and mentioned possible weekend meetings and Islamabad as a signing location.
- April 17 — Markets reacted: Brent and WTI fell roughly 10%; Trump reaffirmed U.S. naval blockade remains until a deal is complete.
News Intelligence
- The reopening of the Strait of Hormuz affects your wallet. It's a major oil route. When it's open, global oil prices can drop. That's what happened on Friday. You might see lower gas prices soon.
- Articles Published:
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Global consumers and oil-importing economies experienced immediate price relief as Brent and WTI declined approximately 10 percent.
Iran continued to face a U.S. naval blockade in effect until a negotiated deal is completed, constraining full maritime normalization.
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Trump: Talks Progress as Hormuz Reopens During Ceasefire
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