What changed
Trump said a deal with Iran has been "largely negotiated" after calls with regional allies. The agreement would include reopening the Strait of Hormuz and ending the U.S. blockade of Iran's ports, potentially easing global oil supply constraints.
Why it matters
Trump said a deal with Iran has been "largely negotiated" after calls with regional allies. The agreement would include reopening the Strait of Hormuz and ending the U.S. blockade of Iran's ports, potentially easing global oil supply constraints.
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May 23, 2026 11:28 PM ET