WASHINGTON, June 15, 2026 — U.S. President Donald Trump announced Sunday that a long-anticipated agreement between the United States and Iran has been completed, authorizing the immediate reopening of the Strait of Hormuz and the removal of the U.S. naval blockade that has disrupted global shipping and energy markets for months.
In a statement posted on social media, Trump declared: "The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!"
The announcement marks a potentially historic breakthrough in efforts to end months of heightened tensions and conflict that had severely impacted one of the world's most critical maritime trade routes. The Strait of Hormuz, through which roughly one-fifth of global oil supplies normally pass, had been largely restricted amid escalating hostilities between Washington and Tehran.
While full details of the agreement have not yet been officially released by Washington, Iranian officials previously indicated that a draft framework included the reopening of the Strait of Hormuz, temporary sanctions relief, the release of frozen Iranian assets, and commitments related to Iran's nuclear activities.
Trump had signaled in recent days that a final agreement was imminent, repeatedly stating that a deal could be signed over the weekend and that the Strait would reopen immediately afterward.
The breakthrough follows intensive diplomatic efforts involving regional mediators, including Pakistan and Qatar, aimed at securing a ceasefire and preventing a broader regional conflict.
Financial markets are expected to react strongly when trading opens, with analysts anticipating downward pressure on oil prices and renewed confidence in global shipping routes. Energy traders have closely monitored developments in the Strait of Hormuz because of its central role in transporting crude oil from the Gulf to international markets.
Despite the announcement, questions remain regarding the long-term implementation of the agreement and whether all parties will adhere to its provisions. Officials from both countries are expected to provide additional details in the coming days as technical discussions continue.
If successfully implemented, the agreement could represent one of the most significant diplomatic developments in the Middle East in recent years, easing tensions between two longtime adversaries and restoring a vital artery of global commerce.