Donald Trump used his address at the G-7 summit in Evian to declare that the Strait of Hormuz is on the verge of full reopening, framing the development as a direct consequence of ongoing diplomatic efforts with Iran.
The president also highlighted his personal rapport with French President Emmanuel Macron, praising the collaboration between the two nations during the summit.
The comments arrive as markets continue to price in the persistent risk of shipping disruptions in the Persian Gulf.
Any credible signal that the chokepoint could return to normal operations carries significant implications for global energy flows and freight costs, though the timeline for such a shift remains unclear.
This development follows recent reports suggesting that a formal agreement with Iran could be signed within hours, a scenario that would fundamentally alter the geopolitical landscape in the Middle East.
The prospect of a deal has been a recurring theme in market analysis, with investors closely watching for concrete steps toward de-escalation.