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macroJun 18, 2026, 11:43 PM

US Ends Naval Blockade After Iran Interim Peace Deal Takes Effect

The US has lifted its naval blockade of Iran as an interim peace deal comes into force, allowing shipping to resume through the Strait of Hormuz. Iran's supreme leader called the agreement a sign of 'desperation' by President Trump.

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The United States has ended its naval blockade of Iran following the activation of an interim peace deal between the two countries. According to Bloomberg, shipping traffic has begun returning to the strategically vital Strait of Hormuz, a key chokepoint for global oil shipments.

Iran's supreme leader described the move as a concession made by President Trump 'out of desperation,' though the deal itself was not detailed further in the report. The lifting of the blockade marks a significant de-escalation after months of heightened tensions in the Persian Gulf.

The resumption of normal shipping routes could have implications for oil supply security and regional stability. Market participants are watching for further developments on the terms of the interim agreement.

Source: FXStreet Forex News