President Donald Trump has signaled that a diplomatic agreement with Iran is imminent, stepping back from plans to resume major military strikes against Tehran.
The shift comes as negotiations involving Oman continue, with the White House framing the potential deal as a path to de-escalation in the region.
This development follows a weekend where the administration appeared poised to launch significant combat operations, a move that had heightened fears of a prolonged closure or severe disruption of the Strait of Hormuz.
The reported pullback suggests a preference for a negotiated settlement over immediate kinetic action, potentially easing the acute geopolitical premium currently embedded in energy and shipping markets.
The diplomatic overture aligns with earlier reports from senior Iranian officials, who confirmed that a draft agreement includes provisions for the immediate reopening of the Strait of Hormuz and a temporary lifting of oil sanctions against Tehran.
President Trump has previously asserted that such an agreement would see the chokepoint fully reopened by Friday, a timeline that remains central to market expectations.