Trump Announces Deal Terms With Iran, About to Make Final Determination

The president also announced the U.S. naval blockade ‘will now be lifted’ and that ships can now return.

U.S. President Donald Trump speaks during a Cabinet meeting in the Cabinet Room of the White House on March 26, 2026 in Washington, DC. This is Trump's second Cabinet meeting of 2026 and the first since the United States and Israel began attacking Iran on February 28. Chip Somodevilla/Getty Images

U.S. President Donald Trump on May 29 released new terms of a possible agreement between the United States and Iran, saying the regime must immediately open the Strait of Hormuz without any tolls, and that he will make a “final decision” as he meets with administration officials later in the day.

Aside from demanding that Iran not obtain a nuclear weapon, Trump wrote in a post on Truth Social that the strait must be opened “in both directions” and that Tehran must “complete the immediate removal and/or detonation of any mines that are left.”