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Hormuz Strait Will Reopen, Trump Says Iran Peace Deal Almost Finalized

The President of the United States, Donald Trump, stated that the peace agreement with Iran is "largely negotiated" and an official announcement is expected soon.
This statement has sparked new optimism amid geopolitical tensions that have shaken the global energy markets over the past few months.
Trump said that one of the main points of the agreement is the reopening of the Hormuz Strait, a vital global energy distribution route that has been disrupted since the conflict erupted on February 28.
"Besides many other elements in this agreement, the Hormuz Strait will be reopened," Trump wrote on his social media.
The Iranian government also confirmed that peace talks with the United States have made significant progress.
Iranian Foreign Ministry spokesperson Esmail Baghaei said the final draft of the agreement is now being reviewed by both parties.
"In the past week, the negotiation process has moved towards convergence of views," Baghaei said on Iran's state television.
This agreement was driven by mediation from several Arab and Pakistani countries trying to extend the fragile ceasefire that has lasted for the past six weeks.
However, several major issues still remain unresolved.
The United States continues to assert that Iran must not possess nuclear weapons and has asked Tehran to surrender uranium with a high enrichment level.
Meanwhile, Iran refuses to halt its uranium enrichment program and demands sanctions relief.
U.S. Secretary of State Marco Rubio said there is "progress" in negotiations and an official announcement could be made in the coming days.
"President always opts for a negotiated diplomatic solution to resolve issues like this," Rubio said.
Besides the nuclear issue, both countries still need to agree on the management mechanism for the Hormuz Strait, including Iran's plan to impose fees on ships passing through the route.
This development has become a major focus of the global markets, as the Hormuz Strait is a key route for global oil distribution.
Reopening the strait could reduce supply tensions and provide positive sentiment for the global financial markets and risk assets, including cryptocurrencies.