Strait of Hormuz: Trump Sees a Deal, but Iran Won't Deal With Washington

The Strait of Hormuz — a narrow shipping lane carrying about 20% of global oil and gas — has been shut since February 28, 2026. Trump says a deal is days away. But Iran is negotiating only through Oman, demands the US lift its naval blockade on Iranian ports, and insists the strait stays closed unless US actions stop. A similar deal collapsed in one week last June.