President Trump said without a deal, US may allow ceasefire to expire next week, while Iranian leaders said they won't reopen the Strait of Hormuz.

President Trump and Iranian officials have said the Strait of Hormuz is open to all commercial vessels, although shipping firms say they're remaining cautious. Iran's foreign minister, Abbas Araghchi,

Iran’s foreign minister says shipping through the Strait of Hormuz will remain open for the rest of the ceasefire period. President Trump responded on Truth Social, acknowledging that the strait was open and saying,

Iran said it fully reopened the Strait of Hormuz to commercial vessels, but questions lingered Saturday about how much freedom ships actually had to transit the waterway as Tehran maintained its grip on the who got through and threatened to close it again if the U.

Brent crude sinks 10% after Iran says the key waterway is completely open for commercial ships for the rest of the ceasefire.

The president earlier expressed confidence both sides were near agreement, as Iranian sources say fresh talks are set in Pakistan on Monday.

Tehran put limits on the Strait of Hormuz's opening, as the United States issued a new sanctions exemption on the sale of Russian oil.

President Donald Trump on Thursday said peace talks with Iran could resume this weekend as Israel and Lebanon agreed to a 10-day ceasefire.