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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.