Trump Announces Iran Deal Complete, Strait of Hormuz to Reopen

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.