Trump says Iran peace deal is near ‘finalization’ — here’s how it would reopen the Strait of Hormuz and deal with the nuclear issue
President Trump announced that a cease-fire deal with Iran is nearing finalization, which would reopen the Strait of Hormuz for 60 days without tolls. The agreement includes negotiations on Iran's nuclear program and the lifting of US sanctions on Iranian oil sales. However, Iranian officials have stated that no agreement has been reached regarding the nuclear issue, which will be discussed during the cease-fire period.
- ▪The cease-fire deal would allow ships to pass freely through the Strait of Hormuz for 60 days.
- ▪In exchange for the cease-fire, the US would lift its blockade on Iranian ports and waive some sanctions.
- ▪Iran would commit to suspending its uranium enrichment program and removing its stockpile of enriched uranium.
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US News Trump says Iran peace deal is near ‘finalization’ — here’s how it would reopen the Strait of Hormuz and deal with the nuclear issue By Anthony Blair Published May 24, 2026, 7:57 a.m. ET See more of our coverage in your search results. Add The New York Post on Google An Iran cease-fire deal that appears to be near “finalization” would reopen the Strait of Hormuz without tolls, end the fight for 60 days and begin tough negotiations on the Islamic Republic’s nuclear program, according to reports.
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