Deal with Iran, opening of Strait of Hormuz 'largely negotiated': Trump
- Posted on May 24, 2026
- By Business News Today
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- 1 min read
Deal with Iran, opening of Strait of Hormuz 'largely negotiated': Trump
President Trump announced a "largely negotiated" deal with Iran concerning the war and the Strait of Hormuz, following calls with regional allies. The "Memorandum of Understanding pertaining to PEACE" is nearing finalization, with details to be announced shortly. This development comes amid ongoing mediation efforts and a fragile ceasefire.
