US-Iran update: Trump says deal to reopen Strait of Hormuz could come as early as Wednesday

President Donald Trump announced that a diplomatic agreement to reopen the critical Strait of Hormuz could be reached as early as Wednesday. The potential breakthrough comes as Iran and Oman progress toward an accord regarding the vital waterway.

Reopening the strait is expected to alleviate pressure on the global economy and potentially contribute to bringing an end to the ongoing conflict.