Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending

U.S. President Donald Trump said a peace agreement between the United States and Iran could be reached soon, raising hopes of an end to the ongoing conflict that has shaken global energy markets and disrupted shipping in the Strait of Hormuz. Trump told reporters at the White House that discussions with Tehran had been productive over the past 24 hours and suggested the war could “end quickly.”

The conflict, which began on February 28, has intensified tensions across the Middle East and threatened global oil supplies. Iran is currently reviewing a U.S.-backed peace proposal that sources say could formally end hostilities while leaving several major disputes unresolved, including Iran’s nuclear program and the reopening of the Strait of Hormuz.

According to sources familiar with the negotiations, mediators are working on a one-page memorandum that would establish a ceasefire framework and launch broader talks on sanctions relief, maritime security, and nuclear restrictions. The discussions are reportedly being led by Trump envoy Steve Witkoff and Jared Kushner.

Iranian officials, however, remain cautious. Iranian lawmaker Ebrahim Rezaei criticized the proposal, calling it “more of an American wish-list than a reality.” Parliament Speaker Mohammad Baqer Qalibaf also mocked reports of progress, claiming U.S. efforts had failed to reopen the vital shipping route.

The Strait of Hormuz remains a key issue in the negotiations. Before the war, the strategic waterway handled roughly 20% of global oil and gas shipments. Concerns over supply disruptions pushed oil prices sharply higher in recent weeks, though optimism surrounding a possible peace deal caused Brent crude to drop nearly 11% before stabilizing above $100 per barrel.

Global stock markets also climbed on expectations that military tensions between the U.S. and Iran may soon ease, reducing fears of a prolonged energy crisis and wider regional instability.