President Donald Trump said a peace-related memorandum involving the US, Iran, and several regional countries has been “largely negotiated,” raising hopes that months of conflict could move toward a broader agreement.

According to Trump, final details are still being discussed and the framework would include reopening the Strait of Hormuz, one of the world’s most important energy routes.

Trump also said he spoke with Benjamin Netanyahu and described the conversation positively.

Hormuz Remains the Biggest Market Focus

The situation around Hormuz remains critical because the route previously handled roughly one-fifth of global oil and LNG shipments before disruptions began. Trump stated that the current blockade would remain in place until an agreement with Iran is formally signed.

The proposed framework reportedly includes:

  • Reopening the Strait of Hormuz
  • Steps toward ending the conflict
  • A negotiation period for broader peace talks
  • Discussions around sanctions and energy flows

Reports also suggest negotiations may unfold in phases rather than through one immediate final agreement.

Iran Signals Progress but Disputes Remain

Iranian officials confirmed negotiations are moving forward but pushed back on some details. Tehran reportedly views the proposal as a framework agreement, with additional negotiations expected over the next 30 to 60 days, especially regarding:

  • The Strait of Hormuz
  • Nuclear discussions
  • Sanctions
  • Regional security issues

Iranian media also challenged suggestions that control over Hormuz would shift, calling some interpretations inconsistent with reality.

Markets Watch Oil More Than Politics

For investors, the biggest issue remains energy. Markets have spent months balancing:

AI optimism
Higher inflation
Oil shocks
Geopolitical risk

A reopening of Hormuz could ease pressure on: Oil prices, Shipping costs, Inflation expectations

But uncertainty remains because several major disputes are still unresolved. The market narrative may now be shifting. Not from war to peace yet. But from military escalation toward negotiation risk.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Related: US Rejects Iran’s Latest Peace Proposal as White House Situation Room Meeting Looms