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macroJun 15, 2026, 4:41 AM

Trump Announces Iran Deal Complete, Strait of Hormuz to Reopen

President Trump announced the completion of a deal with Iran, authorizing the toll-free reopening of the Strait of Hormuz and removal of the US naval blockade. The agreement is expected to be signed on Friday.

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President Trump stated that a deal with Iran has been finalized, marking a major diplomatic development in the region. The announcement includes authorization for the toll-free reopening of the Strait of Hormuz, a critical chokepoint for global oil shipments.

Additionally, the US naval blockade that had been in place is set to be removed. While the agreement is complete, a formal signing ceremony is scheduled for Friday to formalize the terms.

The move is likely to impact global energy markets and currency pairs sensitive to Middle East tensions.

Source: FXStreet Forex News