Trump announces US and Iran have reached peace deal and reveals when Strait of Hormuz will reopen

The US and Iran have reached a peace deal to end their three-and-a-half-month-old war.

US President Donald Trump made the announcement Sunday evening, June 14. 

The Strait of Hormuz, which carries 20% of the world’s oil, is set to reopen on Friday, June 19, when a deal is signed in Switzerland, officials said. 

“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote on Truth Social. 

“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 signing will launch a 60-day negotiating process to determine the fate of Iran’s nuclear program and the extent of sanctions relief, according to officials. 

 “Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED,” Pakistan Prime Minister Shehbaz Sharif announced on X. “Both sides have declared the immediate and permanent termination of military operations on all fronts.” 

The agreement has not been seen publicly, but the White House on Friday described to reporters five points that are in the deal: "Iran will destroy its highly enriched uranium. 

"Tehran will pledge never to obtain a nuclear weapon. 

"Economic relief will come after those first two steps are completed. 

"The Strait of Hormuz will be open immediately upon signing. 

"Iran must stop funding terrorist groups including Hezbollah. 

A senior administration official said the economic relief would be released “around physical milestones, it’s built around action and it’s built around verification.” 

Pakistan will help facilitate “a series of meetings this week” in the lead-up to the formal event in Switzerland, during which the parties will “lay the foundation for the technical talks and the official signing ceremony,” the prime minister added.  

Meanwhile, Qatari negotiators flew into Tehran on Sunday morning in coordination with the US to help with sealing the agreement.