{"id":128449,"date":"2026-05-24T07:14:22","date_gmt":"2026-05-24T07:14:22","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/128449\/"},"modified":"2026-05-24T07:14:22","modified_gmt":"2026-05-24T07:14:22","slug":"strait-of-hormuz-reopening-hinges-on-finalisation-of-draft-agreement","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/128449\/","title":{"rendered":"Strait of Hormuz reopening hinges on finalisation of draft agreement"},"content":{"rendered":"<p>UNITED STATES \u2013 Negotiations to reopen the Strait of Hormuz have reached an advanced stage, with US President Donald Trump announcing on Saturday that a deal has been \u201clargely negotiated\u201d between the United States, Iran and several Middle Eastern nations.<\/p>\n<p>\u201cAn agreement has been largely negotiated, subject to finalisation between the United States of America, the Islamic Republic of Iran, and the various other countries,\u201d Trump wrote on Truth Social. \u201cIn addition to many other elements of the agreement, the Strait of Hormuz will be opened.\u201d<\/p>\n<p>The announcement comes as the strategic waterway remains closed, continuing to choke vast quantities of global oil supply and maintain pressure on the world economy. The closure has sent shockwaves through financial markets since the conflict began, with oil prices jumping and stocks sinking as the impasse drags on.<\/p>\n<p>However, significant uncertainty remains about whether the talks will produce a final agreement. Trump told Axios on Saturday that the chances of a deal were a \u201csolid 50\/50\u201d, whilst warning CBS that if no agreement is reached, Iran would face unprecedented consequences.<\/p>\n<p>Senior US and Iranian officials expressed cautious optimism about a potential breakthrough, though both sides acknowledged substantial challenges remain.<\/p>\n<p>Iranian foreign ministry spokesman Esmaeil Baqaei noted \u201ca trend towards rapprochement\u201d but said \u201cit does not necessarily mean that we and the United States will reach an agreement on the important issues\u201d. He said Iran was finalising a 14-point framework agreement, with hopes that details of a final agreement could be worked out \u201cwithin a reasonable timeframe between 30 to 60 days\u201d after the framework is completed.<\/p>\n<p>US Secretary of State Marco Rubio also expressed optimism, telling reporters in New Delhi on Saturday: \u201cThere is a chance that, whether it\u2019s later today, tomorrow, in a couple days, we may have something to say.\u201d<\/p>\n<p>The negotiations follow weeks of talks, including historic face-to-face meetings hosted by Pakistan, after the United States and Israel attacked Iran on 28 February. Despite the extensive diplomatic efforts, full access to the Strait of Hormuz has not been restored.<\/p>\n<p>The continued closure of the waterway, through which significant volumes of global oil supplies typically pass, has maintained economic pressure worldwide. <\/p>\n<p>Multiple diplomatic efforts are under way to support the negotiations. Qatari Emir Sheikh Tamim bin Hamad Al Thani held discussions with Trump on Saturday, as well as with the UAE president and Saudi Arabia\u2019s Crown Prince Mohammed bin Salman, with talks focused on calming the situation and promoting political solutions.<\/p>\n<p>Iran\u2019s Foreign Minister Abbas Araghchi conducted calls with counterparts from Turkey, Iraq, Qatar and Oman, whilst expressing frustration with what he characterised as Washington\u2019s contradictory positions during negotiations.<\/p>\n<p>The prolonged impasse has left ordinary Iranians uncertain about their future. \u201cThe state of \u2018neither war nor peace\u2019 is far filthier than war itself,\u201d Tehran resident Shahrzad (39) told AFP, expressing concern about starting a new job amid fears that conflict could resume.<\/p>\n","protected":false},"excerpt":{"rendered":"UNITED STATES \u2013 Negotiations to reopen the Strait of Hormuz have reached an advanced stage, with US President&hellip;\n","protected":false},"author":2,"featured_media":128450,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[28],"tags":[102,864,101,4069,1080],"class_list":["post-128449","post","type-post","status-publish","format-standard","has-post-thumbnail","category-strait-of-hormuz","tag-hormuz","tag-president-donald-trump","tag-strait-of-hormuz","tag-top","tag-us-iran-conflict"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116628321929447535","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/128449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=128449"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/128449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/128450"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=128449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=128449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=128449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}