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macroJun 14, 2026, 11:14 PM

Trump Declares Iran Deal Complete, Strait of Hormuz to Reopen

President Trump announced the completion of a deal with Iran, authorizing the reopening of the Strait of Hormuz and lifting the US naval blockade. Formal signing is scheduled for June 19 in Switzerland.

President Trump has declared the Iran nuclear deal "now complete," according to a statement. The agreement authorizes the reopening of the Strait of Hormuz and lifts the US naval blockade that had been in place.

Officials are set to formally sign the deal in Switzerland on June 19. The announcement marks a significant shift in US-Iran relations and could have major implications for global oil markets, as the Strait of Hormuz is a vital chokepoint for crude shipments.

Source: Cointelegraph