Trump Says Iran Ceasefire Deal Near Completion, 60‑Day Halt and Hormuz Opening Planned

Context Former President Donald Trump announced that a memorandum of understanding aimed at ending the US‑Israel conflict with Iran is “largely negotiated.” Details remain sparse, and the agreement could still shift before any formal signing.

Key Facts - The draft calls for a 60‑day ceasefire during which the Strait of Hormuz— a vital oil‑shipping lane— would be reopened. Iran would be allowed to sell oil without restrictions and would clear mines it has placed in the waterway. - In exchange, the United States would lift the blockade imposed on Iranian ports on 13 April. The deal also envisions unfreezing some Iranian assets held abroad. - U.S. Secretary of State Marco Rubio said the arrangement could result in a “completely open” Strait of Hormuz with no tolls for ships, provided the plan succeeds. - Iranian officials have signaled that the strait would remain under Tehran’s control, even as they agree to remove tolls. - A senior Iranian source confirmed Tehran has not agreed to surrender its highly enriched uranium (HEU) stockpile, indicating that nuclear material disposal is not part of the preliminary terms. - Hostilities would be halted on all fronts, including actions involving Israel and Lebanon, and talks on limiting Iran’s nuclear program would commence during the ceasefire.

What It Means If the ceasefire holds, global oil markets could see a rapid rebound as the Hormuz bottleneck disappears, potentially easing price pressures that have persisted since the blockade began. The absence of a HEU concession suggests the nuclear dimension remains unresolved, leaving a critical leverage point for future negotiations. Rubio’s optimism about a toll‑free strait hinges on Iran’s willingness to keep the waterway open without charging fees, a move that could reshape regional shipping economics.

The next test will be whether both sides can translate the memorandum into a binding agreement and whether the 60‑day window will be extended into a longer‑term framework. Watch for official statements from the White House and Tehran in the coming days as the deadline approaches.