Trump says Iran war settlement expected soon amid oil shipping routes

AI Summary

President Donald Trump announced progress toward a settlement of the war with Iran, expecting a signing in the next few days. He stated that the Strait of Hormuz, a crucial oil shipping route, will reopen once the deal is finalized. However, Iranian state media reported no approval of the proposed agreement from Tehran, indicating that the U.S. may have reverted to its previous demands. Following Trump's announcement, U.S. stock indexes rose, and oil prices fell, consistent with past market reactions to his claims regarding a potential deal.