West Asia War LIVE: Donald Trump says Iran war deal close as Strait of Hormuz tensions linger

U.S. President Donald Trump announced on June 11, 2026, that a potential deal with Iran to end the ongoing conflict could be finalized within days, signaling a shift in stance by withdrawing his earlier threats of further military strikes against Tehran. His statement triggered a rally in stock markets and a drop in oil prices, though Iran’s position remained ambiguous. Iranian Foreign Ministry spokesman Esmaeil Baqaei clarified that Tehran had not yet reached a final decision on the agreement. In parallel, Iranian forces reportedly prevented a tanker from passing through the Strait of Hormuz without prior coordination, according to state media reports released early on June 12, 2026. Earlier, Iranian media had reported unexplained explosions near the port city of Bandar Abbas, but the state news agency IRNA later denied any explosions had occurred, attributing the sounds to routine military activity in nearby maritime areas. The Strait of Hormuz remains a flashpoint in regional tensions, with its strategic importance tied to global oil transit routes. Any disruption in the area has broad implications for energy markets and geopolitical stability. Trump’s announcement, if followed through, could ease some tensions, though Iran’s reluctance to confirm the deal suggests lingering uncertainties. The potential agreement follows months of escalation, including Trump’s previous threats to seize Iranian oil terminals and launch new strikes. The financial markets reacted positively to the news, with oil prices declining amid hopes for reduced conflict. However, the absence of a confirmed Iranian commitment leaves the situation volatile. For now, the focus remains on whether Tehran will accept Trump’s proposed terms and whether the Strait of Hormuz will see further disruptions. The situation continues to evolve, with live updates expected as developments unfold.