US and Iran Nearing Peace Deal, Strait of Hormuz Reopening in Focus

US Secretary of State Marco Rubio and President Donald Trump indicated on May 24, 2026, that talks with Iran have made significant progress and that a deal could be imminent. Rubio said he saw "initial progress" and suggested a deal related to the reopening of the Strait of Hormuz might be announced "in the next few hours." President Trump said a peace deal with Iran was "largely negotiated" and that an announcement would come shortly, stressing the agreement’s aims of ending the conflict and ensuring free passage through the strategic waterway.

These comments were reported by multiple outlets covering developments in the Middle East crisis. The public statements point to rapid movement in negotiations focused on de-escalation and maritime security in the Strait of Hormuz, a vital shipping lane for global energy supplies. Further official confirmation and details of any agreement were not included in the immediate reports.