Iran claims it is in 'final stage' of talks to reopen Strait of Hormuz

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Both the U.S. and Iran say they are nearing a deal to reopen the Strait of Hormuz this week, but it remains to be seen what concessions, if any, either side is prepared to make. President Donald Trump's blockade on Iranian ports remains in effect Thursday as a deal to reopen the Strait of Hormuz appears near. Iran’s top Revolutionary Guard commander declared Wednesday that Tehran would continue working on nuclear weapons as long as the United States and Israel possess them.. Trump has said that the ongoing negotiations with Tehran are the country's "last chance" before the U.S. escalates the conflict. President Donald Trump said Thursday that a deal to reopen the Strait of Hormuz has not yet been finalized, though he indicated negotiations with Iran are continuing and an agreement could come in the near future. Asked by a reporter during an Oval Offi