Fox News chief foreign correspondent Trey Yingst covers President Donald Trump's major announcement of a peace deal with Iran. Trump's 'Truth Social' post details the toll-free opening of the Strait of Hormuz and removal of the U.S. naval blockade, allowing for increased oil flow. The deal aims to bring peace to the Middle East after months of conflict.
President Donald Trump announced Sunday that the United States and Iran have officially reached a peace agreement, marking a major diplomatic breakthrough that would reopen the Strait of Hormuz and end the U.S. naval blockade of Iranian ports.
"The Deal with the Islamic Republic of Iran is now complete," Trump wrote in a post on Truth Social.
"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!"
Pakistani Prime Minister Shehbaz Sharif, whose country has served as a mediator, was the first to announce the peace deal, saying a signing ceremony is scheduled to take place Friday in Switzerland.
TRUMP SAYS HE'S CANCELED IRAN STRIKES, ADDS POTENTIAL DEAL-SIGNING 'TO BE ANNOUNCED SHORTLY'
President Donald Trump speaks in the Oval Office of the White House on June 11, 2026, in Washington, D.C. (Jim Lo Scalzo/EPA/Bloomberg via Getty Images)
Trump added that the Strait of Hormuz will reopen once the parties formally sign the agreement.
"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!" he said.
President Donald Trump looks at Pakistan's Prime Minister Shehbaz Sharif speaking in Egypt in 2025, following the signing of the first phase of the Gaza ceasefire agreement between Israel and Hamas. (
