Trump Declares Iran Nuclear Deal Largely Done, Hormuz to Reopen
United States President Donald Trump announced on Sunday that a peace deal with Iran has been 'largely negotiated,' adding that the Strait of Hormuz — one of the world's most strategically critical maritime chokepoints — would reopen as part of the arrangement. The declaration, if confirmed, would represent one of the most consequential diplomatic breakthroughs in Middle Eastern geopolitics in decades.
Trump's statement was made publicly, consistent with his administration's pattern of announcing diplomatic progress before formal ratification. The Strait of Hormuz carries approximately 20 percent of the world's oil supply, and its closure or threatened closure in recent weeks had sent energy markets into significant turbulence, driving up crude prices globally and imposing pressure on import-dependent economies including Pakistan.
The announcement has immediate implications for global energy markets. Oil futures were already reflecting heightened geopolitical risk premiums tied to the Hormuz standoff, and confirmation of a reopening could trigger a sharp downward correction in crude benchmarks. For Pakistan, which imports a substantial share of its energy needs, a normalisation of Hormuz passage would translate into meaningful relief on import costs and the current account.
The precise terms of the deal remain undisclosed, but Trump's characterisation of it as 'largely negotiated' suggests that final details are still being worked through. Iranian officials have not yet issued a corresponding public confirmation, and independent verification of the deal's status remains pending. Diplomatic observers note that Trump's preliminary declarations on negotiations have historically required careful interpretation.
Regional powers including Saudi Arabia, Israel, and the Gulf states are closely monitoring the development, which would dramatically reshape the strategic landscape of the Middle East if sustained. The reopening of Hormuz would also carry significant symbolic weight as a marker of reduced US-Iran hostility under Trump's second term.
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