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US, Iran Near Deal to Reopen Strait of Hormuz
World

US, Iran Near Deal to Reopen Strait of Hormuz

Trump says the Iran war cannot "go much longer" as the US, Iran, and Oman close in on a temporary agreement to reopen the Strait of Hormuz. Iran's parliamentary speaker Mohammad Ghalibaf has dismissed the diplomacy as a performance, while Trump insists a deal is imminent. The Strait carries roughly 20% of the world's oil supply, making its closure one of the most consequential economic pressure points on the planet.

MarketStrait of Hormuz traffic returns to normal by...?
Strait of Hormuz traffic returns to normal by August 31?14% chance
Sources

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