Trump announces peace deal with Iran, vows to reopen Strait of Hormuz

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Iran-US war latest: Trump says ‘let the oil flow’ as he announces peace deal with Tehran

The Pakistan-mediated peace deal will be formally signed in Switzerland later this week

The US and Iranian officials said they had agreed on a framework to end their war, halt the US blockade of Iran and reopen the Strait of Hormuz.

"The Deal with the Islamic Republic of Iran is now complete," US president Donald Trump wrote on Truth Social.

His post came shortly after Pakistani prime minister Shehbaz Sharif announced a deal had been struck early on Monday local time. The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland.

Trump said the Strait of Hormuz, a major shipping route for global oil and gas supplies that Iran has effectively shut ⁠down for months, would open on Friday, and that he had ordered the end of the US blockade of Iranian ports.

"Ships of the World, start your engines. Let the oil flow!" Trump wrote.

Oil prices ​fell on the ⁠news. Brent crude futures fell 4 per cent in early trading on Monday, while US West ‌Texas Intermediate slid more than 4.6 per cent.

The fate of Iran's nuclear program, another thorny issue, will also be addressed in those later talks, sources previously told Reuters.

Trump lashes out at Netanyahu in angry phone call over Beirut attack

Donald Trump reportedly lashed out at Benjamin Netanyahu in an angry phone call following Israel’s attack on Beirut on Sunday.

In a post on Truth Social earlier today, the US president condemned the attack , stating it “should not have happened” so close to a peace deal with Iran.

The US president urged the Israeli prime minister to “not blow it”, as negotiations with Iran enter the final stages.

The chief foreign correspondent for Fox News said in a post on X: “President Trump said he asked Israeli Prime Minister Netanyahu “what the f*** are you doing?” on a call after the Israeli strikes against Beirut.

“He told Netanyahu not to conduct additional strikes. The President told me he will ask Iran not to respond with missile fire toward Israel.”

Maryam Zakir-Hussain15 June 2026 04:00

US official denied report Iran will get billions 'up front' under peace agreement: report

A U.S. official rebutted an Iranian state media report that Iran will be given billions under the terms of the newly announced peace agreement, according to a new report.

“A senior USG official involved in the process of the [memorandum of understanding] with Iran is denying a report being quoted from Iran media that Iran gets $12 billion up front,” Maggie Haberman, a White House correspondent for The New York Times, wrote on X on Sunday evening.

“The USG official said, as officials in the administration have for weeks, that the agreement is all performance-based,” she added.

Brendan Rascius15 June 2026 03:43

Fox News host questions why details of peace deal haven't been made public

Fox News host Mark Levin, a prominent ally and adviser of Trump, expressed frustration about the newly announced peace agreement.

“I have asked for days, why can't we, the people, see the damn [memorandum of understanding]? Not through people briefed by an anonymous person. Honestly, I've never seen anything like this. If it is a great outcome for peace, then release it,” he wrote on X on Sunday evening.

Several other Trump allies, including Senator Lindsey Graham, have telegraphed concern about the deal, which officials say is poised to end months of fighting in the Middle East.

Brendan Rascius15 June 2026 03:35

Vance says the agreement could 'fundamentally transform the Middle East for the next 50 years'

Vice President JD Vance said the newly announced peace agreement could “fundamentally transform the Middle East for the next 50 years.”

Speaking to Fox News, he said the deal would ensure that Iran will be barred from obtaining a nuclear weapon. He added that the administration is still determining who will attend the signing event in Switzerland.

“I certainly plan to be there, but it’s possible the president himself could be there,” he said.

Brendan Rascius15 June 2026 03:05

Trump announces peace deal with Iran is 'complete'

Donald Trump has announced that the peace deal with Iran is now “complete”.

He wrote on Truth Social: “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! President DONALD J. TRUMP

Maryam Zakir-Hussain15 June 2026 03:00

Trump says the Strait of Hormuz will be 'permanently toll free'

In a phone interview with The New York Times on Sunday afternoon, President Trump said the Strait of Hormuz will be “permanently toll free.”

He also stressed that if a final nuclear agreement is not reached, he would renew military strikes on Iran or establish the US as “the guardian of the Middle East” in exchange for one-fifth of the region’s revenue.

Brendan Rascius15 June 2026 02:36

UN secretary-general praises agreement between US and Iran

António Guterres, the secretary-general of the United Nations, congratulated the U.S. and Iran for reaching a peace deal that will establish a permanent ceasefire, reopen the Strait of Hormuz and allow for further negotiations.

“My deep appreciation goes to Pakistan, Qatar, Egypt, Saudi Arabia, Türkiye, and other regional countries, for the constructive role played in supporting the negotiations that led to the peace deal,” Guterres wrote on X on Sunday.

Brendan Rascius15 June 2026 02:10

Hegseth insists US had control of Strait of Hormuz all along – despite shipping freeze that has impacted global economy

Defense Secretary Pete Hegseth clashed with CBS’s Margaret Brennan on Sunday over whether the U.S. ever established functional military control over the Strait of Hormuz, as the administration once again promised that a peace agreement was hours away from being inked.

For months, the strait’s closure has affected global shipping traffic and put a serious dent in the amount of oil making it to market every month. The resulting fuel price spikes have soared past $4 a gallon across the U.S., but in recent days has begun to decline towards pre-war levels.

Last week, White House officials touted the ability of the U.S. Navy to safely escort ships through the strait, which is often mined by Iranian boats, and protect them from Iran’s aerial drone attacks. Traffic through the strait with naval escorts has now trickled up to about one half of the levels witnessed before hostilities began, providing some relief in the market.

Read more here:

Hegseth insists US controlled Strait of Hormuz all along – despite shipping freeze

Defense secretary claims U.S. is ‘ready’ to push Iran to reopen the Strait of Hormuz fully once deal is signed

Maryam Zakir-Hussain15 June 2026 02:00

Republican senator calls for Trump to be awarded Nobel prize

A Republican lawmaker called for President Trump to receive the Nobel Peace Prize, following his announcement that a peace deal with Iran had been reached.

“An historic day for the world,” Ohio Senator Bernie Moreno wrote on X. “Let’s get the Nobel Peace Prize ready!”

Brendan Rascius15 June 2026 01:35

Top House Democrat slams Trump after peace deal is annouced

The top Democrat in the House of Representatives heavily criticized President Donald Trump after he announced a peace deal had been reached with Iran.

“President Obama built a global coalition that constrained Iran’s nuclear ambitions. Donald Trump recklessly ripped that agreement up and took us to war,” House Minority Leader Hakeem Jeffries wrote on X.

“Now gas prices are soaring, Iran is stronger and America is less safe,” he added. “That’s the Trump record.”

Brendan Rascius15 June 2026 01:00