U.S. President Donald Trump has indicated that a deal to reopen the Strait of Hormuz could be finalized as early as Wednesday or Thursday.
The comments, made from Las Vegas, suggest a rapid acceleration in diplomatic efforts to normalize shipping operations through the critical energy corridor.
The prospect of a near-term agreement follows a period of intense volatility in global energy markets.
Brent crude prices have been under pressure as traders weigh the risk of renewed disruption against the possibility of a diplomatic resolution.
A confirmed deal would likely trigger a sharp unwind of the geopolitical risk premium that has supported oil prices since the escalation began.
This development marks a significant shift from the previous week’s failed talks in Doha, which ended without a breakthrough.