Trump says deal to reopen the Strait of Hormuz could come as early as WednesdayFILE - Cargo ships are seen at sea near the Strait of Hormuz, as viewed from a rocky shoreline near Khor Fakkan, United Arab Emirates, Friday, May 1, 2026. Trump says a deal to reopen the strait is closeThe U.S. president was asked by reporters traveling with him in California about a report on the Axios news site that an announcement on the Strait of Hormuz could be made on Wednesday. Oil prices initially eased on hopes of a deal that would allow shipping to resume but later inched upward. The U.S. and Iran reached a deal to open the strait in June, only for attacks to resume. Attacks on shipping continueEven as hopes increased that a deal on the Strait of Hormuz could be imminent, attacks on shipping in the region continued.