President Donald Trump stated on Tuesday, August 5th, 2026, that the United States and Iran are engaged in "very good discussions," raising hopes for a deal to reopen the Strait of Hormuz by Wednesday. Speaking on the “FOX News @ Night with Trace Gallagher” program, Trump said mediators made progress despite Tehran's cautious stance on cooperation.

Trump emphasized the importance of diplomacy by holding off on strikes against Iran over the weekend to allow talks to continue. Early reports indicate that Iran and Oman are close to agreeing on a plan requiring ships to enter the Persian Gulf through an Iran-controlled strait and exit via an Oman-controlled route.

The Strait of Hormuz is a critical oil chokepoint, and reopening it to normal maritime traffic aims to stabilize energy supplies and markets. Trump noted, “The strait’s going to be open very soon, or [Iran is] going to get hit very hard — and then the strait’s going to be open.” He added, “If they don’t make a deal, it’s gonna be too bad.”

Reopening the strait would pave the way for deeper negotiations on Iran’s nuclear program and efforts to end ongoing conflicts.

Sources