Trump says US-Iran peace deal reached, orders end to naval blockade in Strait of Hormuz
- On Sunday, President Donald Trump announced a peace deal with Iran, authorizing the immediate reopening of the Strait of Hormuz and ending the U.S. naval blockade of Iranian ports.
- The war, which began Feb. 28, 2026, with U.S.-Israeli strikes, resulted in more than 3,600 deaths in Iran and more than 3,700 in Lebanon, effectively closing the Strait of Hormuz and triggering global energy spikes.
- Pakistan Prime Minister Shehbaz Sharif, the key mediator, announced an official signing ceremony for Friday, June 19, 2026, in Switzerland, with mediators facilitating "pre-implementation discussions" this week to lay the foundation for technical talks.
- Oil prices tumbled following the announcement as markets reacted to potential energy shipments resuming, while technical details on Iran's nuclear program remain deferred to a 60-day framework for further negotiations.
- Sidelined from negotiations, Israel continued military strikes in Beirut's suburbs on Sunday, demonstrating the fragility of the U.S.-Iran deal as proxy conflicts involving Iranian-backed Hezbollah persist independently of the agreement.
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Following the agreement between the US and Iran on a framework agreement for an end of war, US President Donald Trump has proposed an open and toll-free road from Hormus. "It will be open and free of charge," Trump said on Monday just before the start of the G7 summit in Evian, France. Iran's Foreign Ministry said it should charge for maritime services. US Vice President JD Vance announced the deployment of international nuclear inspectors to Ir…
The agreement reached by the US and Iran to end the conflict and reopen the Strait of Ormuz has led oil prices to begin to fall and are now around $80. The result of this peace agreement is that the countries with the lowest reserves are now going to buy to resupply. Specifically, “China would be the main country that would resort to this method, as it has been one of those that has been most affected by traffic cuts in the Strait of Ormuz”, tel…
US at odds with allies over how easy it is to reopen Strait of Hormuz
U.S. President Donald Trump keeps repeating that the Strait of Hormuz — through which one-fifth of the world’s oil and liquefied natural gas supplies normally flow — will reopen by Friday. But on the sidelines of the Group of Seven…
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