Iran declared its intention to reopen the Strait of Hormuz for the period of a 10-day ceasefire between Israel and Hezbollah in Lebanon. According to Iran’s Foreign Minister Abbas Araghchi, the waterway critical for global energy supplies, which had been closed since the onset of U.S. and Israeli bombings in Iran at the end of February, is now “completely open” for commercial shipping, as stated in a post on X. President Donald Trump conveyed on X, “IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!”

Trump stated that “the Strait of Hormuz is completely open and ready for business and full passage, but the naval blockade will remain in full force and effect as it pertains to Iran, only, until such time as our transaction with Iran is 100% complete.” This process is expected to proceed swiftly, given that the majority of the points have already been negotiated. In a interview on Friday, Trump stated that Iran has consented to indefinitely suspend its nuclear program and will not be receiving any frozen funds from the United States. The president indicated that an agreement to conclude the conflict initiated by the U.S. and Israel with Iran in late February is largely finalized.

Trump informed that he anticipates an Iran deal “in a day or two” and indicated that discussions regarding a lasting agreement will “probably” take place this weekend. Discussions are anticipated to occur in Islamabad on Sunday, as per a source acquainted with the mediation efforts. Pakistan is facilitating the negotiations with assistance from Egypt and Turkey. Iran has not provided any commentary regarding any agreements beyond the opening of Hormuz, nor has it addressed assertions made by Trump on Thursday that Tehran proposed concessions, particularly concerning the critical matter of its nuclear program.

Trump indicated that he has not yet determined who will head the U.S. delegation for discussions with Iranian officials regarding the signing of an agreement. When inquired about the possibility of traveling to Pakistan, the host of the most recent negotiations, the president responded, “I may.” JD Vance engaged in discussions with Iranian officials over the weekend, while Trump indicated he was contemplating the possibility of sending the vice president along with his son-in-law, Jared Kushner, and envoy Steve Witkoff for the negotiations.