Trump announces the US-Iran peace agreement, the Strait of Hormuz will be reopened

President Donald Trump announced on Sunday that the United States and Iran have officially reached a peace agreement, marking a major breakthrough that will reopen the Strait of Hormuz and end the blockade of US ships in Iranian ports.

“The deal with the Islamic Republic of Iran is now over,” Trump wrote in a Truth Social post.

“Congratulations to all! I hereby fully authorize the free opening of the Strait of Hormuz, and, at the same time, I authorize the immediate removal of the United States Navy blockade. Ships of the World, start your engines. Let the oil flow!”

The Prime Minister of Pakistan, Shehbaz Sharif, whose country has become a mediator, was the first to announce the peace agreement, saying that the signing ceremony is scheduled to take place on Friday in Switzerland.

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Trump added that the Strait of Hormuz will be reopened if the parties formally sign the agreement.

“With the opening of the Strait when the Agreement was signed on Friday, with the aim of removing the mine, oil will flow from both ends and to the Region, and to the world!” he said.

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President Donald Trump is eyeing Pakistani Prime Minister Shehbaz Sharif to speak in Egypt in 2025, following the signing of the first phase of the Gaza ceasefire agreement between Israel and Hamas. (Evelyn Hockstein/Reuters)

According to Sharif, the agreement includes the cessation of military operations in the entire region, including in Lebanon, where the Iranian-backed terrorist proxy Hezbollah is fighting Israel.

“Both sides announced an immediate and permanent end to military operations on all sides, including in Lebanon,” he said.

Additional details of the deal, including any provisions related to Iran’s nuclear program, were not immediately released.

Iran’s deputy foreign minister said talks with the United States on a final and comprehensive deal will take place within a 60-day deadline, according to Reuters.

The source reported that the future of Iran’s nuclear program will be addressed in future talks. Trump has long insisted that Iran cannot have a nuclear weapon and has repeatedly vowed to prevent Tehran from developing, acquiring or obtaining one.

Trump also praised his administration for getting the deal.

“This Great Agreement will bring peace and security to the entire Region,” he said. “Many presidents have tried to make Peace with Iran, and they have all failed before me. Regional leaders, for the first time, have found a President who can help them find real peace.”

Sharif also thanked the United States and Iran for their “commitment to finding a political solution to the conflict,” as well as Qatar, Saudi Arabia and Turkey for their role in the mediation effort.

With the agreement in place, negotiators are expected to hold a series of meetings this week that could lay the groundwork for technical negotiations and a formal signing ceremony, Sharif said.

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The peace deal will officially end the high-profile conflict that began on February 28, which disrupted nearly 20% of the world’s oil exports through the Strait of Hormuz and contributed to high global energy prices.

It comes almost one year after Israel launched massive strikes on Iran during Operation Rising Lion. The strikes sparked a 12-day standoff between the nations before Trump ordered strikes on three nuclear facilities later that month.

Ashley J. DiMella of Fox News and Reuters contributed to this report.