President Donald Trump announced Sunday that a peace agreement with the Islamic Republic of Iran is now complete [1].
The deal ends ongoing hostilities and removes a U.S. naval blockade of the Strait of Hormuz, a critical artery for global energy shipments. This resolution aims to stabilize international oil markets and cease military conflict between the two nations [1, 2].
Trump shared the announcement via Truth Social, saying, "The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!" [3]. As part of the agreement, the U.S. will reopen the Strait of Hormuz on Friday, June 19, 2026 [4].
To facilitate the return of maritime traffic, Trump said, "I hereby fully authorise the removal of the Navy blockade of the Strait of Hormuz" [5]. He further emphasized the economic priority of the move, saying, "Let the oil flow!" [6].
Financial markets responded immediately to the news. U.S. crude oil prices fell nearly five percent following the announcement [7].
A formal signing ceremony for the agreement is scheduled for Friday, June 19, 2026 [4]. The event will take place in Switzerland [8].
The agreement follows a period of heightened tension and military engagement. By lifting the blockade, the U.S. removes a primary obstacle to the flow of petroleum from the Persian Gulf to the rest of the world [2, 8].
“"The Deal with the Islamic Republic of Iran is now complete."”
The reopening of the Strait of Hormuz is a significant geopolitical shift that reduces the risk of a global energy crisis. By ending the naval blockade, the U.S. is prioritizing economic stability and the free flow of oil over the previous strategy of maximum military pressure on Iran.
