Trump Says Strait of Hormuz Deal Could Arrive as Early as Wednesday

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U.S. President Donald Trump announced that a diplomatic agreement to reopen the strategic Strait of Hormuz could be finalized as early as Wednesday or Thursday, marking a potential turning point in regional hostilities that have heavily constrained global energy transport. Speaking in Washington, President Trump stated that ongoing negotiations represent a critical window to stabilize international shipping lanes. The remarks followed coordinated diplomatic interventions by regional allies, including Saudi Arabia, Qatar, and the United Arab Emirates, which urged Washington to pursue a negotiated settlement rather than executing large-scale military actions. U.S. Treasury Secretary Scott Bessent and U.S. Secretary of State Marco Rubio confirmed that substantive progress had been achieved through mediation channels involving Oman and Qatar. Regional officials familiar with the discussions reported that the emerging framework under negotiation involves establishing structured transit corridors through the strait. Under the proposed arrangement, commercial cargo and oil tankers would enter the Persian Gulf via an Iranian-regulated route and exit through a passage managed by Omani territorial waters. The initial proposal under discussion contemplates a temporary 60-day implementation period, which could be extended pending compliance and stability assessments. Global energy markets reacted swiftly to the diplomatic announcements. International benchmark Brent crude slipped 1.2% in early Wednesday trading to settle at $78.43 per barrel, extending a downward trend from earlier in the week as supply risk premiums began to unwind. The drop in energy costs provided immediate relief to broader equity markets, with major U.S. stock indices touching record territory and Asian bourse

Prepared by Lauren Mitchell and reviewed by editorial team.