Fars said the strait would be reopened under Tehran’s conditions after the U.S. lifts its blockade on Iranian ships.
Fars also said there was agreement to release $12 billion of Iran’s frozen assets.
Trump said no money would be exchanged “until further notice” — a possible reference to Iran’s demands for toll payments in the strait, war damage reparations or a release of frozen Iranian assets.
Reporters raise their hands Wednesday as, from left, Secretary of State Marco Rubio, President Donald Trump, Defense Secretary Pete Hegseth and Commerce Secretary Howard Lutnick take part in a Cabinet meeting at the White House in Washington.
Evan Vucci, REUTERS
Midterms
Trump is under pressure to reopen the Strait of Hormuz and get U.S. gasoline prices down ahead of the November congressional elections, as voters show increasing frustration over rising prices. At the same time, he faces a potential backlash from Iran hawks in his own party over any concessions to Tehran.
The war launched by the U.S. and Israel on Feb. 28 has killed thousands of people, mainly in Iran and Lebanon, and caused global economic pain by pushing up energy prices due to Iran’s effective closure of the Strait of Hormuz.
In his post on Truth Social, Trump said mines would be removed from the strait and ships trapped there may start to go home: “Say HELLO to your wives, husbands, parents, and families from me, your favorite President!”
Kazakhstan has signaled it is willing to take Tehran’s uranium stockpile of highly enriched uranium in the event of a deal, U.N. nuclear watchdog chief Rafael Grossi told the Financial Times.
Kazakhstan already hosts an internationally controlled bank of uranium to ensure fuel supplies for power stations in International Atomic Energy Agency member states.
Smoke billows from southern Lebanon on Friday following strikes seen from Marjayoun, southern Lebanon.
REUTERS
Iran also wants sanctions lifted, U.S. forces withdrawn from the region, and for any peace deal also to end U.S. ally Israel’s offensive in Lebanon.