President Donald Trump announced late Tuesday that the United States and Iran are potentially close to finalizing a deal regarding the Strait of Hormuz, a critical international waterway for global oil shipments. Speaking to reporters while traveling to a Republican National Committee fundraiser in Los Angeles, the President expressed optimism about the ongoing diplomatic efforts, stating that a breakthrough could occur as soon as Wednesday or the following day.

The Strait of Hormuz has been a focal point of heightened geopolitical tension between Washington and Tehran, with the U.S. seeking to ensure the free flow of energy supplies through the region. While the President noted that “a lot of progress” has been achieved, he provided few specific details regarding the terms of the potential agreement or the mechanisms that would be used to reopen the corridor. The administration has previously maintained a policy of maximum pressure on Iran, and this potential deal marks a shift in the public rhetoric surrounding the maritime dispute. As of now, Iranian officials have not provided a corresponding confirmation of the timeline or the specific nature of the deal described by the President. The situation remains fluid as international observers wait to see if the stated progress results in a formal agreement.