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Washington, United States – The White House is preparing a high-level Situation Room meeting for President Donald Trump to make a final determination on a proposed agreement aimed at ending the war with Iran and reopening the closed Strait of Hormuz. The draft deal would see Iran pledge never to obtain a nuclear weapon and allow the removal of naval mines to restore unrestricted commercial shipping through the vital waterway, a major chokepoint for global oil transit. In return, the United States would lift its naval blockade on Iranian ports, a step U.S. officials say is designed to ease pressure on global energy markets and help stabilize oil and gasoline prices. Tehran, Iran – Iranian officials have rejected Trump’s characterization of the proposal, describing it as a “mixture of truth and falsehood” and denying that it includes a commitment to dismantle nuclear materials. The closure of the Strait of Hormuz has produced the most significant disruption of global oil supplies in history, pushing average gasoline prices in the United States from $2.98 to $4.43 a gallon and sending oil markets into a period of acute volatility. As governments, businesses, and consumers track developments around the talks and the status of the waterway, the administration’s ability to secure a verifiable agreement is seen as central to relieving pressure on fuel costs, inflation, and supply chains.

Prepared by Lauren Mitchell and reviewed by editorial team.