President Donald Trump has indicated that the US and Iran may be nearing an agreement. This potential deal is related to the Strait of Hormuz, which is an important route for oil shipping. The president's statement was made late on Tuesday, suggesting that a resolution could be reached soon.

Further information about the possible agreement is available from news sources. Details about the deal are limited, but it is reported that an announcement could come as early as Wednesday, according to President Trump's signal that the two countries are close to reaching an agreement.