Trump insists Iran deal could be inked soon, after previous forecasts don't pan out

Key Points:

• US President Donald Trump stated that no deal has yet been finalized with Iran to reopen the Strait of Hormuz, but an agreement could be reached soon, while maintaining the US blockade of Iranian ports.
• Iran’s chief negotiator, Mohammed Bagher Ghalibaf, criticized Trump for repeatedly threatening large attacks and then calling them off, calling it “theater diplomacy” and accusing the US of using bullying and fake news as leverage.
• Trump claimed the US has an “unlimited supply” of missiles despite reports of shortages and defended Defense Secretary Pete Hegseth amid concerns over depleted missile interceptors.
• Iran announced it is finalizing a deal with Oman for a temporary 60-day arrangement to allow safe passage through the Strait of Hormuz without tolls, which could pave the way for renewed US-Iran nuclear negotiations.
• The proposed deal would involve ships entering the strait via an Iranian-controlled route and exiting through an Oman-controlled route, giving Iran some control over the strait for the first time since the conflict escalated in February.