U.S. nears Hormuz deal, aiming for Wednesday announcement

In the same briefing, Trump said the United States and Iran are holding "very good discussions," a phrase echoed by Reuters in its coverage of the talks. The proposed agreement would focus on restoring traffic through the narrow waterway that links the Persian Gulf to the Gulf of Oman, a route that has been central to past diplomatic friction. The prospect of a quick resolution moved financial markets. The Wall Street Journal reported that U.S. equity indices rose after Treasury Secretary Bessent said the Iran deal may be only days away, suggesting investor optimism about reduced geopolitical risk.

Reuters relayed Trump’s comment on the positive tone of the negotiations, while Axios highlighted that Washington is "nearing" a Hormuz deal with a Wednesday announcement in sight. The Seattle Times carried Trump’s own timeline, reinforcing the sense of an imminent breakthrough. The focus on the Strait of Hormuz reflects its longstanding strategic importance for global oil shipments and regional security. Past closures and threats have made the corridor a recurring flashpoint between Tehran and Washington, so any agreement to reopen it draws attention from governments, industry analysts and the broader public.

The current set of talks, therefore, is being watched closely as a potential shift in the balance of maritime trade and diplomatic relations. According to the coverage, the next decisive step will be a formal announcement on Wednesday. If the deal is confirmed, the statements from Trump, Bessent and the reported "very good discussions" indicate a rapid transition from negotiation to implementation. Market participants are likely to track further stock movements and any additional diplomatic remarks for clues about the agreement’s exact terms and timeline.