Oil Shipping Lane Closure: Trump Says Deal Is Near, but Iran Disagrees

A narrow waterway called the Strait of Hormuz — where about a fifth of the world's oil and gas passes through — has been closed since February 28, 2026. Trump says a deal is days away. But Iran will only talk through Oman, wants the US to end its ship blockade of Iranian ports, and says the waterway stays shut unless US actions stop. A similar deal fell apart in one week last June.