President confirms deal reopens Strait of Hormuz after months-long stalemate that has devastated global economy

The U.S. and Iran reached a tentative agreement this week to continue the ceasefire for 60 days and reopen the Strait of Hormuz.

U.S. and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program, but President Trump has yet to give it his final approval,

Donald Trump said he was not satisfied with Iran’s proposals to end the war, suggesting that talks were far from being concluded.

President Donald Trump convened his Cabinet on Wednesday at a precarious moment for talks aimed at ending the Iran war, saying “things are going very well” days after insisting a settlement was “largely negotiated.

President Donald Trump on Wednesday cast doubt on the prospects of a deal to end the Iran war, telling Semafor during a Cabinet meeting that “it’s got to be perfect.” Trump added: “We can make a good deal right now,