Trump: US-Iran deal could be reached "within two or three days," Strait of Hormuz to "immediately" reopen
The situation between the US and Iran is affecting global markets. Trump stated that US-Iran negotiations are in the “final stages” and an agreement will be reached “within two to three days.”
According to Xinhua News Agency, Trump said during an interview at New York’s Kennedy International Airport on the 9th that Israel and Iran had previously “traded blows,” but now “agreed to a ceasefire,” and he added, “We are at the final stage and will reach a very, very great agreement.” When asked how much longer the negotiations would take, Trump replied: “Two to three days.”
He also emphasized that the agreement will"never allow Iran to develop nuclear weapons" and once the agreement is finalized, the strategically vital Strait of Hormuz, critical for global energy transport, will be “immediately” reopened.
According to CCTV International News, on June 8 local time, President Trump said during a tele-endorsement event held for Sen. Graham of South Carolina that the US will achieve a “comprehensive victory” over Iran within the next two weeks.
These statements directly impact oil prices, with the key issue being the Strait of Hormuz—the global oil transport chokepoint, whose status is highly correlated with crude supply expectations. Trump previously reiterated on Truth Social that the US maritime blockade of Iranian ports would continue until a “final agreement” was reached, insisting that negotiations are ongoing. As of press time, oil prices have fallen, with Brent crude dropping more than 2% to $92 per barrel.
Fragile ceasefire shows new cracks; mutual attacks occur
The background to Trump’s remarks this time is the renewed instability of the Middle East ceasefire agreement.
According to CCTV News, on June 8 local time, Iran launched missiles at southern and central Israel. Meanwhile, Israeli sources reported that air raid sirens were activated in central regions such as Tel Aviv and in the south. The Israeli Air Force then struck military targets in western and central Iran, including air defense systems, weaponry, and missile launch sites. According to Iran’s Fars News Agency, Iran later launched a new round of attacks on Israeli air force bases.
According to Global Times, a US official said that the US military did not participate in Israel’s operation. This round of fighting is the first direct mutual attack between Iran and Israel since the ceasefire agreement took effect at the beginning of April.
Commitments repeatedly unfulfilled; markets cautious about timeline
It is noteworthy that Trump has previously predicted the US-Iran conflict would “soon end” several times, but none were fulfilled.
According to CCTV International News, US media reports noted that this is not the first time Trump has proposed “major progress within two weeks.” The US-Iran ceasefire agreement announced on April 7 Eastern Time was also initially set to “last for two weeks,” “so both sides could conclude negotiations for a final agreement to end the conflict.”
Given repeated unfulfilled promises, the market is cautious about the timeline this time. Investors may focus more on substantive progress in negotiations rather than political declarations themselves.
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