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NewsWSVN 7 News MiamiAugust 7, 2026Miami-Dade

Trump administration considers compromise with Iran to reopen Strait of Hormuz

The Trump administration is negotiating a potential deal with Iran to reopen the Strait of Hormuz for commercial shipping, which may involve allowing ships to use an Iranian-controlled route. While the U.S. maintains the waterway is open, traffic remains significantly lower than pre-war levels due to ongoing security risks from Iranian drones and mines.

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Why It Matters

The is a critical global shipping lane for 20% of the world's oil, and any agreement regarding its control directly impacts global energy prices and the ongoing U.S.-Iran military conflict.

Key Facts

  • The Strait of Hormuz typically handles 20% of the world's oil flow.
  • Ship traffic in the Strait of Hormuz was 84 transits last week, compared to 700 per week before the conflict.
  • The U.S. military has struck more than 14,000 targets in Iran since the war began five months ago.
  • The proposed deal would allow ships to enter the Persian Gulf via an Iranian-controlled route and exit via an Omani-controlled route.
  • The U.S. administration has explicitly ruled out any deal that allows Iran to charge fees or tolls for transit.
  • The U.S. military is reportedly facing shortages of advanced weapons, including missile interceptors.
  • Defense Secretary Pete Hegseth is seeking billions of dollars in additional Pentagon spending.
  • At least two ships were hit in the Strait of Hormuz in the past week.
  • Approximately two-thirds of U.S. adults polled in late July stated the war with Iran has not been worthwhile.

Who's Mentioned

other200“Hypothetical target count suggested by Sen. Kelly”locationStrait of Hormuz“Strategic waterway for global oil transit”other45“Number of ship transits two weeks ago”locationIran“Nation currently in conflict with the U.S.”personMark Kelly“U.S. Senator from Arizona”other14,000“Number of targets struck by U.S. military”other700“Typical weekly ship transits before the crisis”other84“Number of ship transits last week”personPete Hegseth“Defense Secretary”other500“Hypothetical target count suggested by Sen. Kelly”personDonald Trump“President of the United States”