--- title: "Trump weighs Iran truce deal amid Strait reopening pushback" type: "News" locale: "en" url: "https://longbridge.com/en/news/288004154.md" description: "Trump is considering a 60-day truce extension with Iran to reopen the Strait of Hormuz and address uranium stockpiles. While hopes for the reopening have eased oil prices, failure to finalize the deal could lead to price spikes. Republican hawks caution that the deal may concede too much by delaying nuclear program limits, complicating Trump's political situation." datetime: "2026-05-29T03:29:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288004154.md) - [en](https://longbridge.com/en/news/288004154.md) - [zh-HK](https://longbridge.com/zh-HK/news/288004154.md) --- # Trump weighs Iran truce deal amid Strait reopening pushback Ceasefire decision looms: Trump has yet to approve a 60-day truce extension with Iran that would reopen the Strait of Hormuz and address some uranium stockpile issues. Oil market impact: Hopes for the strait’s reopening have already eased oil prices, but failure to reach a deal could trigger another spike. Political backlash risk: Republican hawks warn the deal concedes too much by deferring nuclear program limits, complicating Trump’s political calculus. ### Related Stocks - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [URA.US](https://longbridge.com/en/quote/URA.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) ## Related News & Research - [Oil extends losses as Trump calls off planned strikes on Iran](https://longbridge.com/en/news/289529446.md) - [Trump embraces May price spikes amid Iran war: 'I love the inflation'](https://longbridge.com/en/news/289359027.md) - [Oil rises nearly 1% as US launches new strikes against Iran, supply tightens](https://longbridge.com/en/news/289250762.md) - [Oil climbs as US-Iran tensions flare again while stockpiles tighten](https://longbridge.com/en/news/289271753.md) - [Rising fuel prices hit US farms as Iran war drags on](https://longbridge.com/en/news/289226888.md)