In a surprising development amid escalating tensions in the Middle East, US President Donald Trump indicated that the Strait of Hormuz — one of the world’s most critical oil transit routes — could soon reopen, potentially under a form of joint control involving the United States and Iran.
The remarks came as Trump announced a temporary five-day suspension of planned US strikes on Iranian energy infrastructure. The pause follows what he described as “productive conversations,” although no official confirmation of direct or indirect talks has been acknowledged by Iranian authorities.
The Strait of Hormuz, through which nearly 20 percent of global oil and liquefied natural gas flows, has remained severely disrupted since the onset of the current conflict. The crisis began after coordinated US-Israeli strikes on Iranian targets, triggering retaliatory actions and a sharp escalation in hostilities across the region.
Speaking to reporters, Trump suggested that control of the strategic waterway could involve cooperation with Iranian leadership, stating ambiguously that it might be managed by “me and the Ayatollah.” However, he did not provide any concrete framework or clarification regarding how such an arrangement would function.
The announcement of a temporary halt in military action has already influenced global markets. Oil prices declined, equity markets showed gains, and government bond yields eased, reflecting cautious optimism among investors about potential de-escalation.
Despite this, Iran has denied any ongoing negotiations with the United States. Officials have also reiterated that any attack on Iranian infrastructure would provoke retaliatory strikes targeting US and allied assets in the region.
The conflict has already resulted in significant casualties, with over 2,000 deaths reported, alongside widespread damage to energy facilities and infrastructure. The instability has also intensified global concerns around energy security, inflation, and supply chain disruptions.
While Trump’s comments suggest a possible diplomatic opening, analysts remain cautious, noting that the absence of confirmed dialogue and the continued exchange of threats indicate that the situation remains highly volatile.
