Trump says talks are under way on fully reopening the Strait of Hormuz by tomorrow

US President Donald Trump said on the evening of Monday, August 3, 2026, that talks are currently under way on fully reopening the Strait of Hormuz by tomorrow, and that negotiations with Iran are in progress. He claimed the talks are taking place at Iran's own request and with the backing of Saudi Arabia, the UAE, Qatar and several other countries, and described them as Iran's last opportunity to reach an agreement.

Trump added that from Washington's view the second stage would be stripping Iran of any nuclear capability, and said Iran cannot levy tolls in the Strait of Hormuz. Tehran has not confirmed this account: Iran's foreign ministry spokesman said on Monday, August 3, that no negotiations with the United States are under way and that the discussions with Oman concern safe passage through the Strait of Hormuz.

The Strait of Hormuz is the main export route for Persian Gulf oil, and any signal about its reopening feeds directly into world oil prices. Brent crude traded around 83 dollars on the evening of Monday, August 3, down more than 5 percent on the day.