Trump says Iran deal will reopen Strait of Hormuz
Trump says a US-Iran deal is imminent, but Tehran has not confirmed the timing and energy markets still face a slow Hormuz recovery.
In 30 seconds
- Trump said a US-Iran agreement could be signed on Sunday and would reopen the Strait of Hormuz.
- Iran's foreign ministry said no Sunday signing date had been agreed and talks could continue for days.
- Pakistan's prime minister Shehbaz Sharif said mediators were closer than before to a peace agreement.
- The EIA forecast says Hormuz shipments may not reach pre-conflict levels until early 2027.
How we got here
- 2015-07-14
Iran and world powers concluded the Joint Comprehensive Plan of Action on Iran's nuclear programme.
- 2018-05-08
Trump withdrew the United States from the 2015 Iran nuclear deal.
- 2025-06-24
A ceasefire took effect after the Twelve-Day War between Iran and Israel.
- 2026-02-28
US-Israeli strikes on Iran triggered a wider conflict and disruption around Hormuz.
- 2026-04-08
A temporary US-Iran ceasefire was announced after Pakistani mediation.
Donald Trump (US president, serving a second term from 2025) is pushing the proposed agreement before the G7 summit. Iran (Islamic Republic in West Asia, under a post-Khamenei leadership transition after the 2026 war) is the counterpart in the talks. The Strait of Hormuz (narrow waterway between Iran, Oman and the UAE) is a key oil, LNG and fertiliser route. Shehbaz Sharif (Pakistan's prime minister, in office again since 2024) has acted as a mediator. Abbas Araghchi (Iranian foreign minister) and Esmaeil Baghaei (Iranian foreign ministry spokesperson) are central Iranian diplomatic voices. Évian-les-Bains (French Alpine spa town on Lake Geneva) hosts the 15-17 June 2026 G7 summit. The G7 (Canada, France, Germany, Italy, Japan, the UK, the US and the EU) is the forum where enforcement and economic spillovers are expected to be discussed.
Background
The current diplomacy follows repeated failed attempts to manage Iran's nuclear programme and regional posture. The 2015 Joint Comprehensive Plan of Action limited Iranian enrichment, but Trump withdrew the United States from it in 2018. A short Iran-Israel ceasefire took effect on 24 June 2025 after the Twelve-Day War. In 2026, the conflict widened after US-Israeli strikes on Iran on 28 February, Iran's restrictions around Hormuz and a temporary US-Iran ceasefire announced on 8 April. Islamabad talks on 11-12 April failed, after which the United States imposed a naval blockade on Iranian ports.
The wider picture
The deal would test whether coercive US pressure can be converted into a durable settlement without a full regional bargain. Iran wants guarantees against future US-Israeli attacks; Washington wants nuclear limits and restored shipping; Israel and Lebanon-related fronts remain sensitive. China, India and other Asian buyers also have a major stake because Gulf energy flows are central to their supply security.
Why now
The trigger is Trump's 13 June announcement that an agreement could be signed on Sunday, just before the 15-17 June G7 summit in Évian-les-Bains. Iran's refusal to confirm that timing makes the next hours diplomatically and economically sensitive.
What to watch
Watch whether a text is signed on Sunday, whether Tehran and Washington publish matching descriptions of the nuclear and sanctions terms, and whether Hormuz traffic data begins to show a sustained reopening. The G7 summit from 15 to 17 June is the next political checkpoint.
What to do
Belgian readers should not assume pump, flight or freight costs will fall immediately. The EIA forecast points to a gradual traffic recovery even if diplomacy improves. Businesses with fuel, shipping or fertiliser exposure may want to track contract clauses, delivery timing and hedging assumptions around the G7 and any verified reopening of Hormuz.
EvidenceWell established · 1 primary source + 1 official document + 3 independent reporting sources · Academic sources: 1Explore evidence →Hide evidence ↑
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This story was assembled from verified evidence, with its sources and reasoning recorded as it was written.