President Donald Trump announced over the weekend that the United States has reached a comprehensive deal with the Islamic Republic of Iran, ending months of conflict and authorizing the immediate reopening of the Strait of Hormuz to global shipping.
Markets reacted positively to the announcement, sending stock indices higher while oil prices fell sharply. Brent crude, the global benchmark, dropped more than 4% to around $82.84–$83.40 per barrel in early Monday trading. U.S. West Texas Intermediate crude declined more than 5% to around $80–$81 per barrel — a drop of about $4 per barrel from Friday’s close.
In statements posted to Truth Social Sunday, the President declared the agreement complete and directed the removal of the U.S. naval blockade.
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!” Trump wrote.
“This Great Deal will bring Peace and Security to the whole Region,” he added. “Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace. With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!”
Iran’s Supreme National Security Council confirmed on Sunday that Tehran finalized a memorandum of understanding (MoU), saying military operations in the region, including Lebanon, will end.
Friday’s signing ceremony in Switzerland, according to Pakistani Prime Minister Shehbaz Sharif and other reports.
President Trump followed up on Monday with another update confirming that maritime traffic has already begun resuming through the reopened waterway.
“Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern ‘Highway,’ which is totally safe, secure, and pristine. There are other areas of travel, also!!!” Trump posted on Truth Social. The President’s announcement signals the rapid implementation of the deal, with commercial vessels already transiting the critical chokepoint under secure conditions just days after the agreement was finalized.
The agreement, mediated with help from Pakistan and Qatar, reportedly includes a 60-day ceasefire extension, reopening of the Strait of Hormuz without tolls, lifting of the U.S. naval blockade, and further talks on Iran’s nuclear program, with Iran agreeing not to pursue nuclear weapons.
The MoU effectively ends the joint U.S.-Israeli military campaign that began four months ago on February 28. U.S. and Israeli forces targeted Iranian military and government sites, resulting in the assassination of Supreme Leader Ali Khamenei and numerous senior officials. Iran responded with missile and drone strikes on Israel, U.S. allies, and regional bases, while blocking the Strait of Hormuz — a vital chokepoint carrying about 20% of global oil trade. The U.S. responded with its own naval blockade that severely restricted Iran’s economy.
Over the following months, U.S. and Israeli forces conducted sustained operations to degrade Iranian air defenses, missile capabilities, and infrastructure.
Multiple rounds of diplomacy, facilitated by regional partners including Pakistan, led to temporary ceasefires and negotiations. President Trump consistently emphasized key red lines: no nuclear weapons for Iran, reopening of the Strait, and regional stability.
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Christina Botteri is the Executive Editor of The Tennessee Star and The Star News Network. Follow her on X at @christinakb.
