US President Donald Trump stated that a deal with Iran, including the reopening of the Strait of Hormuz, is 'largely negotiated'. However, Iran's state-affiliated news agency disputed this claim, saying the Strait will remain under Iranian control. The details of the deal are unclear.

US President Donald Trump has claimed that a deal with Iran, including the reopening of the Strait of Hormuz, is 'largely negotiated' [doc5]. The Strait carries roughly 20% of global seaborne crude, making any change in its status a first-order input to oil pricing and to energy equities such as [XOM](/stocks/XOM), [CVX](/stocks/CVX), and refiners [VLO](/stocks/VLO) and [PSX](/stocks/PSX).

Iran's state-affiliated news agency disputed Trump's framing, asserting that the Strait will remain under Iranian control [doc3]. The contradiction leaves traders without confirmed terms, sustaining elevated headline risk across crude benchmarks and war-risk shipping insurance premiums.

A fragile US-Iran ceasefire has been in place since April 8 [doc5], and prior Trump-era Middle East announcements have repeatedly been followed by reversals. Until terms are made public, the practical near-term impact on [XLE](/stocks/XLE) and broader risk assets remains a function of how Tehran responds in the coming days.

Trump Claims Iran Deal is 'Largely Negotiated' with Strait of Hormuz Opening