By Tom Gantert
(Epoch Times) A peace deal between the United States and Iran has been reached, President Donald Trump said on June 14.
“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote in a Truth Social post on Sunday.
“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.”
Trump proclaimed, “ships of the World, start your engines. Let the oil flow!”
The deal was first announced by Pakistani Prime Minister Shehbaz Sharif.
“Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” Sharif wrote on X moments before Trump confirmed the plan.
Sharif said a signing ceremony will be held on June 19 in Switzerland.
The peace agreement follows an earlier ceasefire that had been in effect since April 8.
Trump said on June 13 that once the peace deal is signed, the Strait of Hormuz would immediately be “open to all.”
The Iran war and subsequent standoff between the United States and Iran has impacted the price of oil, cutting off most of the commercial traffic through the Strait of Hormuz, one of the world’s most important transit points for oil and natural gas producers to reach global markets.
Crude oil prices were at $56.80 a barrel on Dec. 19, 2025, but shot up to $114.01 a barrel as of April 6, according to the U.S. Energy Information Administration.
In late April, hundreds of vessels were sitting idle in the Persian Gulf.
Iran had also repeatedly harassed shipping vessels traveling through the Strait of Hormuz. The U.S. military said Saturday it shot down several Iranian attack drones that were targeting commercial ships sailing through the waterway.
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Trump said on June 13 on Truth Social that the agreement would stop Iran from having a nuclear weapon, which Trump has maintained was a key to any peace agreement.
“In fact, they no longer want a Nuclear Weapon, nor will they have one, either through purchase, development, or any other form of procurement,” Trump wrote Saturday.
The United States and Iran have been operating under a fragile Pakistan-brokered ceasefire that began on April 8, 2026.
In late April, Trump extended the ceasefire indefinitely.
Trump criticized an Israeli strike on Beirut, Lebanon, on Sunday, saying it should not have occurred as negotiators neared the peace agreement with Iran.
Trump said Israel has a right to defend itself but described the attack that prompted the response as minor, noting that no one was killed or injured. He warned that further military action could jeopardize efforts to secure a broader peace deal.
Trump called on all sides to exercise restraint, urging Israel to halt attacks in Lebanon and Hezbollah to stop launching attacks against Israel. He said the region is close to achieving a potentially historic peace agreement.
“This could be the beginning of a long and beautiful peace — Let’s not blow it!” Trump wrote.
Jacki Thrapp contributed to this report.
