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Trump: Hormuz reopening deal could come this week

August 5, 2026

President Trump said an agreement restoring shipping through the Strait of Hormuz may be days away, with draft terms complete and awaiting Tehran's sign-off.

AP News reports that President Donald Trump expects an agreement within days that would restore traffic through the Strait of Hormuz, the chokepoint whose closure has weighed on the world economy and helped sustain the war. BBC, CNN and CTV News carry the same account. The corroboration extends to the negotiating table itself: AP News, citing two regional officials, reports that the Iranian and Omani teams have settled on draft terms, and that the text now sits with Iran's Supreme Leader Ayatollah Mojtaba Khamenei for his sign-off, a detail BBC, Fox News and CNN also carry. Tehran points the same direction. AP News and CNN report that Foreign Ministry spokesman Esmail Baghaei described the agreement with Oman as in the “final stage” of drafting and said a joint statement would follow “if certain parties do not obstruct this process,” a remark apparently aimed at the United States.

The outlets writing from their own angles reinforce rather than complicate the picture. The New York Times relays Iran's own assessment that the Oman talks are close to done, while the Wall Street Journal reads the diplomacy through markets, reporting a rise in U.S. stocks after Treasury Secretary Bessent put a possible deal days out. AP News and Fox News supply the regional backdrop: the Houthis said in July that Saudi-linked shipping would be barred from the Bab el-Mandeb Strait, which shows how much pressure an open Hormuz would relieve. The account is widely carried and likely wire-fed, and the nine outlets on this story contradict one another on nothing.

Settled: Trump's prediction, the completed draft terms, and the wait on Khamenei, each carried by at least four outlets. Unsettled is the agreement itself, which still needs Tehran's signature and could founder on the interference Baghaei warned against.

Still developing

The Supreme Leader's approval of the draft has not been reported, and no outlet gives a date for signing or a text of the agreement. Baghaei's warning about parties obstructing the process leaves open whether U.S. objections could stall the joint statement.

How settled the reporting is

Reported 100% · Contested 0% · Developing 0%

Sources