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    NewsBusiness NewsTrump Weighs 60-Day Strait of Hormuz Ceasefire Deal
    Business News

    Trump Weighs 60-Day Strait of Hormuz Ceasefire Deal

    Negotiators aim for a 60-day ceasefire to clear the Strait of Hormuz mines and lower oil prices, but the deal hinges on President Trump's signature and Iran's compliance.

    Laura WhitfieldMay 29th, 20263 min read
    Trump Weighs 60-Day Strait of Hormuz Ceasefire Deal
    Image source: A woman rides a bicycle as others cross a street in downtown Tehran, Iran, Sunday, May 24, 2026.Vahid Salemi/AP

    Sixty days. That’s the window negotiators are betting on to keep the peace, assuming President Trump actually signs off on a deal that hasn’t been fully confirmed.

    It sounds simple on paper: extend the ceasefire for two months and start talking about Iran’s nuclear program again. But let’s look at the leverage, or lack thereof. The U.S. is offering a gradual lift of the naval blockade on Iranian ports and relaxed sanctions to allow Tehran to sell more oil. In exchange, Iran has to clear mines from the vital waterway within 30 days and stop charging tolls to commercial vessels.

    For context, the Strait of Hormuz handles about a fifth of the world’s traded oil and natural gas. When Iran effectively closed it during the war, oil prices skyrocketed. Now, Treasury Secretary Scott Bessent predicts those costs will “come down very quickly” once the deal is finalized. Quick, sure. But only if Iran doesn’t decide to play hardball during those 60 days.

    The numbers tell a different story than the press releases. Iran has already set up a formal gatekeeper agency to charge tolls, and U.S. sanctions on the military’s oil sales arm just got tighter this week. It’s a classic case of one step forward, two steps sideways. The U.S. is relaxing pressure while simultaneously applying it, a move designed to keep economic leverage without triggering a total collapse in trade.

    Here’s the kicker that most summaries miss: the nuclear issue is still wide open. Iran holds 440.9 kilograms of uranium enriched to 60% purity. That’s just a technical step away from weapons-grade 90%. They haven’t committed to giving it up. The 60-day extension isn’t just a pause in fighting; it’s a deadline for deciding whether to keep the stockpile or trade it for economic relief.

    The fragility of this deal is visible in the latest flare-ups. Less than a day before the tentative agreement was announced, Kuwait intercepted missiles fired from Iran. U.S. Central Command confirmed the strike. So, we’re negotiating a ceasefire while the shooting is still technically happening. It’s not a pause; it’s a truce with an expiration date.

    Trump hasn’t signed off yet. An official familiar with the matter noted that until the President puts pen to paper, there is no deal. And there are still questions about whether he’ll even accept the broad outlines. The proposal addresses the chokepoint directly — no tolls, no mines — but it leaves the uranium stockpile as a bargaining chip for the next round.

    If the deal holds, oil prices drop. If it doesn’t, the waterway stays closed, and the cost of doing business in the valley goes up with the global market. Locals watching their property taxes and commute times should know this isn’t just a diplomatic win; it’s a gamble on global energy stability. The U.S. gets its mines cleared. Iran gets its oil flowing. But for the next two months, we’re all waiting to see if either side actually follows through.

    • US and Iranian negotiators reach tentative deal to extend ceasefire
      Vail Daily
    16
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