President Donald Trump said again that a deal to reopen the Strait of Hormuz is close, even as regional negotiators have already finished a draft accord awaiting approval from Iran. However, US officials have said they would not accept any arrangement that leaves Iran in control of the strategic waterway.
The comments come as attacks on shipping in the area continue and Brent crude holds near $80 a barrel. The draft accord, which has been finalized by regional negotiators, now depends on a decision from Tehran.
Trump's claim of a near agreement is not new, but the existence of a completed draft marks a concrete step. Still, the US position on Iran's role in the waterway could complicate final approval. The Strait of Hormuz is a critical route for global oil supplies, and any disruption affects energy markets.
With shipping attacks still taking place, the security situation remains tense. Oil prices staying near $80 reflect ongoing concerns about supply through the strait. Whether Iran will approve the draft accord is still unknown, and the US insistence on not leaving Iran in control suggests there are major hurdles before any deal can take effect.