U.S.-Iran deal expected to reopen Strait of Hormuz could be signed within days, both sides say

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President Donald Trump and Iranian officials say a U.S.-Iran deal could be finalized within days, with a memorandum of understanding expected to reopen the Strait of Hormuz, a chokepoint through which roughly a third of global maritime trade flows. The agreement would address longstanding tensions between the two countries and potentially stabilize one of the world's most critical shipping lanes. Both sides have signaled optimism about the timeline, though the specifics of the deal remain unclear. The Strait's closure or disruption has posed risks to global energy markets and international commerce.