WASHINGTON, D.C. — President Donald J. Trump announced Saturday from the Oval Office that the United States, Iran and other countries have largely negotiated an agreement that would open the Strait of Hormuz. In a social media post that afternoon U.S. time, he said the deal followed a series of calls with leaders across the Middle East and beyond.

"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries, as listed." Trump said in the post. He added: "In addition to many other elements of the Agreement, the Strait of Hormuz will be opened."

He said he spoke with President Mohammed bin Salman Al Saud of Saudi Arabia; Mohammed bin Zayed Al Nahyan of the United Arab Emirates; Emir Tamim bin Hamad bin Khalifa Al Thani and Prime Minister Mohammed bin Abdulrahman bin Jassim bin Jaber Al Thani of Qatar; Minister Ali al-Thawadi of Qatar; Field Marshal Syed Asim Munir Ahmed Shah of Pakistan; President Recep Tayyip Erdoğan of Türkiye; President Abdel Fattah El-Sisi of Egypt; King Abdullah II of Jordan; and King Hamad bin Isa Al Khalifa of Bahrain concerning Iran and matters related to a Memorandum of Understanding on peace. He said he also held a call with Prime Minister Bibi Netanyahu of Israel.

The blockade of the Strait of Hormuz is the latest blow to the global trade and economic order established after the Soviet Union's fall in the early 1990s. According to China, the blockade would create a new fault line for the United States and raise the prospect of the militarization of world straits.