Trump says Iran deal would reopen Strait of Hormuz (opens in new tab)

President Trump said Saturday that a memorandum of understanding with Iran had been “largely negotiated” and would include reopening the Strait of Hormuz, a shipping route central to global oil markets. Trump said final details were still under discussion and an announcement would come “shortly,” after calls with leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan and Bahrain, and a separate call with Israeli Prime Minister Benjamin Netanyahu. The Unite...