Trump announces Iran deal as Strait of Hormuz set to reopen

President Donald Trump announced Sunday that a deal with Iran had been completed, marking what could become the most significant diplomatic breakthrough between Washington and Tehran in years.

In a message shared by the White House on social media, Trump declared: “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!”

He added that he was authorizing the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade, writing: “Ships of the World, start your engines. Let the oil flow!”

Waiting for details of U.S. - Iran deal

The announcement follows months of tensions in the Middle East that raised concerns about the security of global energy supplies and the possibility of a wider regional conflict.

According to Reuters, the agreement was mediated in part by Pakistan and is expected to be formally signed in Switzerland on Friday. Pakistani officials described the accord as a framework aimed at ending hostilities between the United States and Iran while creating a path toward broader negotiations.

The reported deal includes the reopening of the Strait of Hormuz, one of the world’s most important shipping lanes. Located between Iran and Oman, the narrow waterway connects the Persian Gulf to the Gulf of Oman and serves as the primary export route for oil producers including Saudi Arabia, Iraq, Kuwait, the United Arab Emirates and Iran itself.

Roughly one-fifth of the world’s oil consumption passes through the strait, making any disruption a major concern for governments, businesses and financial markets around the globe.

Reuters reported that the agreement also establishes a 60-day negotiating period covering Iran’s nuclear program and sanctions relief. During that period, Iran would commit not to develop or acquire nuclear weapons, while the United States would release frozen Iranian assets and ease some sanctions.

The White House has not yet released the full text of the agreement, and further details are expected in the coming days. Iranian officials have also yet to publish their own account of the deal’s provisions.

Markets will now be watching closely to see whether the agreement holds and whether shipping through the Strait of Hormuz returns to normal levels. If implemented successfully, the deal could reduce pressure on global oil supplies and ease one of the most significant geopolitical flashpoints of recent months.

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