Trump says Iran deal on Strait of Hormuz close, talks resume today: Fox News

President Trump announced that negotiations with Iran concerning the Strait of Hormuz are nearing completion, with further talks scheduled for today. This development, reported by Fox News, comes amid ongoing efforts to ease tensions over the strategically important maritime route. The discussions are part of a broader diplomatic initiative involving the United States, Iran, and Oman, aiming to resolve longstanding issues including maritime access and sanctions relief. The conclusion of a deal could signify a significant de-escalation, potentially reopening the strait to unhindered shipping and reducing the risk of conflict in the region. Key Takeaways Market behavior suggests optimism regarding the end of the Iranian blockade, as evidenced by increased YES pricing for the August 31, 2026, resolution. The announcement of resumed talks and a potentially imminent deal is consistent with a scenario where the blockade could end soon, as reflected in recent price movements. Pricing for earlier resolution dates, such as August 15, 2026, has also seen a significant uptick, indicating market participants’ anticipation of a positive outcome. What to Watch Markets will closely monitor the pr...