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Trump says U.S.-Iran peace deal to reopen Strait of Hormuz ‘largely negotiated’ (USO:NYSEARCA)

May 23, 2026, 8:26 PM ETUnited States Oil Fund LP ETF (USO)UCO, DBO, USL, SCO, BNO, GUSH, DRIP, USOIBy: Carl Surran, SA News Editor

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Oleksii Liskonih

President Trump said late Saturday afternoon that a peace deal with Iran that would reopen the Strait of Hormuz has been “largely negotiated” and will be announced shortly.

“An Agreement has been largely negotiated, subject to finalization between the United States of

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