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U.S.-Iran deal to end the war is ‘largely negotiated,’ Trump says. Here’s what to know

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Why This Matters

The potential U.S.-Iran deal to end the ongoing conflict and reopen the Strait of Hormuz could significantly impact global oil markets and regional stability. For the tech industry, a reduction in geopolitical tensions may lead to more stable markets and increased investment confidence. Consumers could benefit from lower energy prices and improved international relations that foster economic growth.

Key Takeaways

Trump commented following calls with Middle East allies, but it’s not yet clear when or how the deal might be finalized. A deal appears to be emerging between the United States and Iran to end the war and open the Strait of Hormuz, and U.S. President Donald Trump over the weekend said it had been “largely negotiated.”It is not clear when or how the deal might be finalized and when its various parts will take effect. Trump spoke after calls with allies in the Middle East, including a separate call with Israel. Details come from two regional officials and a U.S. official who spoke on condition of anonymity to discuss the sensitive negotiations.Here’s what we know and don’t know.