Us President Donald Trump Says Iran Wants Hormuz Open Amid Efforts to End War

FXStreetApr 29, 2026 12:33 AM

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US President Donald Trump said Iran has asked the US to lift a naval blockade of the Strait of Hormuz while the two sides negotiate an end to the two-month conflict, Bloomberg reported on Tuesday.

Trump said on Truth Social on Tuesday that Iran wants the critical waterway for oil and gas shipments open “as soon as possible, as they try to figure out their leadership situation.

Mediators in Pakistan expect Iran will submit a revised proposal to end the war in the next few days, CNN reported on Tuesday, citing sources close to the mediation process.

Market reaction

At the time of writing, the West Texas Intermediate (WTI) is up 2.15% on the day at $97.00.

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