Trump says US-Iran deal could reopen Strait of Hormuz this weekend
Why it matters: A deal to restore tanker traffic would mark the biggest step yet toward ending a 3-month war that has driven up energy prices.
President Donald Trump said on June 11 that the United States and Iran could sign a peace deal as soon as this weekend, a move that he said would reopen shipping through the Strait of Hormuz. If completed, the agreement would be the most significant diplomatic breakthrough so far in efforts to end the three-month-old war between the two countries. The conflict has killed thousands of people and pushed global energy prices sharply higher. But the outcome remained uncertain: Iran’s foreign ministry spokesman Esmaeil Baqaei said Tehran had not yet reached a final conclusion on the agreement, even as the semi-official Fars news agency reported that Iran was likely to approve it.