US-Iran Truce Announced. Donald Trump sits at a desk in a blue suit and red tie, looking confidently toward the camera in a formal office setting.
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US-Iran Peace Deal Announced: ‘Let the Oil Flow!’

U.S. and Iranian officials on Sunday said that they have agreed on a framework aimed at ending their war, lifting the U.S. blockade of Iranian ports and reopening the Strait of Hormuz. However, this preliminary deal still leaves Iran’s nuclear program for later negotiations.President Donald Trump wrote on Truth Social that “the Deal with the Islamic Republic of Iran is now complete”.

Cargo ships navigate the Strait of Hormuz at sunset, highlighting a vital global oil and maritime trade route.

The agreement is being described by both sides as an initial memorandum of understanding rather than a final peace deal. It is scheduled to be formally signed in Switzerland on Friday, while Iranian officials have said a broader settlement would still need to be negotiated during a 60-day ceasefire period. Trump said the Strait of Hormuz, would reopen once the deal takes effect, and that U.S. forces would end their blockade of Iranian ports. Iranian officials, meanwhile, said they would still need to reach further understandings on sanctions relief and what happens to their nuclear sites.

Trump Authorizes Strait of Hormuz Reopening

President Donald Trump said on social media that the deal was complete. He also authorized the immediate removal of the U.S. naval blockade and called on global ships to resume movement so oil can flow again. The move marked a sharp shift in the US-Iran crisis, which had rattled energy markets and raised fears over a wider regional fallout.

Global markets showed positive trends on ceasefire announcement

Global Markets have reacted quickly to this news, with oil prices falling more than 4%, and Asian stock markets rose on expectations that tensions would ease. Israel, which has not been part of the talks, had not issued an immediate response at the time we have filed its report. It is clear that the success of this peace agreement ultimately depends on how the relation between Iran and Israel unfolds in coming weeks.

Web Resources on US-Iran Truce

1. BBC.com : Iran and US agree framework deal to end war as Trump says Strait of Hormuz will be reopened.
2. Politico.com : Trump says Iran and US have reached deal to stop war.
3. Reuters.com : Trump says US and Tehran have reached a tentative peace deal .

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