Foreign Trade
Trump Reports Progress in US-Iran Negotiations Over Strait of Hormuz
U.S. President Donald Trump said his administration had "very good discussions" with Iran during all-day negotiations on Tuesday, fueling expectations of an imminent end to the five-month conflict. Oil prices fell and stocks jumped in Asian trade on Wednesday after Wall Street hit record highs on hopes that a deal could soon be reached to restore traffic through the blockaded Strait of Hormuz. Axios reported the U.S. and Iran are closing in on an interim agreement to reopen the strait with the agreement of Oman.
