United States President Donald Trump has warned Iran to reopen the Strait of Hormuz or risk severe military action, expressing optimism that an agreement could be reached within days.

Speaking to reporters in California on Tuesday, Trump said negotiations had made significant progress and suggested a deal to restore maritime access through the strategic waterway could be finalised as early as today.

In a separate interview however, the president struck a tougher tone, warning that Iran would face serious consequences if negotiations failed.

The Strait of Hormuz, a vital route for global oil and gas exports, has remained a major point of contention since renewed fighting followed the collapse of an April ceasefire. Iran has tightened its control over the waterway and is seeking authority to regulate traffic and impose transit charges.

US Treasury Secretary Scott Bessent also expressed optimism, saying there is a possibility of reaching an agreement by today or Thursday. However, despite the encouraging signals from Washington, Iran's Foreign Ministry has denied holding direct negotiations with the United States.

— CHANNELS