Trump: Deal to reopen Strait of Hormuz could come Wednesday

President Trump signaled late Tuesday that the U.S. and Iran were close to a deal to reopen the Strait of Hormuz, a key oil-shipping corridor.

Tomorrow or the next day,” Trump said after traveling to Los Angeles for a fundraising event hosted by the Republican National Committee. “A lot of progress has been made.”

Trump also told Fox News that his administration was having “very good discussions” with Iranian officials, adding that they had an “all-day negotiation.” He added that the Strait of Hormuz “is going to be open very soon.”

“If they back out again, they are going to get hit really hard,” the president told the outlet.

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