Trump Announces Strait of Hormuz Will Be Fully Open by Friday Following Iran Deal

US President Donald Trump declared on Tuesday that the Strait of Hormuz will be fully opened by Friday, citing a recently finalized agreement with Iran. Speaking at the G7 summit in Evian, France, Trump reported that maritime traffic is resuming and oil prices are declining rapidly as a result of the deal. He emphasized that the most critical outcome of the agreement is that Iran will not develop a nuclear weapon.

Trump stated that the United States and Iran have completed their initial agreement, which will progress to a second stage that he believes will be easier to implement. He dismissed reports of a $300-billion fund for Iran's reconstruction, calling such claims a rumor and clarifying that the United States is not providing financial investment to Iran. The memorandum of understanding between the two nations was finalized on Sunday and digitally signed on Monday, with both sides announcing the reopening of the strategic waterway and a halt to military operations across multiple conflict zones, though key implementation details remain disputed.

During his remarks at the G7 summit, Trump also expressed dissatisfaction with Israel's conduct toward Lebanon and Hezbollah, urging Israeli Prime Minister Benjamin Netanyahu to adopt a more responsible approach in the region. Trump characterized the Iran agreement as restoring stability to global markets, while Iranian officials have described the deal as a triumph over Washington and Israel.

The G7 summit, which began Monday in Evian on Lake Geneva's shores in eastern France, is scheduled to run for three days and addresses multiple international issues including the Ukraine crisis, Middle East tensions, and artificial intelligence development.