World / 1 MIN READ
The president announced conditions for ending the naval operation, but formal lifting has not yet occurred amid ongoing negotiations with Iran.
Market data
Current live odds
Trump Says US Blockade of Strait of Hormuz Will Be Lifted
President Donald Trump announced on May 29, 2026, that the U.S. naval blockade of the Strait of Hormuz "will now be lifted," contingent on Iran meeting conditions including no nuclear weapons, immediate opening of the strait, and removal of mines. The announcement, made on Truth Social, followed a Situation Room meeting at the White House.
Fox News reported on May 30 that Trump held a Situation Room meeting to make a "final decision" on the blockade and a potential cease-fire with Iran. The report described ongoing talks but noted the blockade had not been formally lifted at that time.
NPR reported on May 6 that weeks earlier, the U.S. said it would no longer guide ships through the strait, signaling a shift in strategy amid the conflict with Iran. The naval blockade had been in place since early 2025.
As of June 12, negotiations continued, with reports from Radio Free Europe/Radio Liberty suggesting a potential "great settlement" with Iran. However, no official U.S. government or CENTCOM confirmation of the blockade's formal end has been issued as of June 13.
The next milestone is whether Trump makes a formal announcement by June 30 that the blockade has been lifted, which would resolve the current uncertainty around the agreement's status.
World / 1 MIN READ
Earlier this weekThe market resolution relies on the official classification, with Switzerland emerging as the leading location.
World / 1 MIN READ
Negotiators reached a 60-day truce extension on May 28, but the final announcement remains uncertain without the President's sign-off.
World / 1 MIN READ
U.S. warships transited the Strait of Hormuz days after the briefing, signaling ongoing military operations in the region.