'Let the oil flow', Trump announces completion of US-Iran peace deal, removes blockade on Hormuz

United States President Donald Trump on Monday announced the completion of the peace deal between the US and Iran, declaring the reopening of the strategically important Strait of Hormuz and the immediate removal of its naval blockade, a move he said would restore the free flow of global energy supplies. In a post on Truth Social, Trump wrote, "The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorise the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorise the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!"

The announcement came amid growing international efforts to end tensions in West Asia and follows days of intense diplomatic engagement involving Pakistan. Pakistan Prime Minister Shehbaz Sharif also announced that a peace agreement between the United States and Iran had been reached following extensive negotiations. Shehbaz Sharif said that both sides have also declared permanent termination of military operations in Lebanon. The deal will be officially signed on June 19 in Switzerland.

In a post on X, Sharif stated, "Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and the Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon." "The official signing ceremony will be on Friday, 19 June in Switzerland. We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict. We would also like to extend our sincere appreciation to our brothers in this mediation effort, the great leadership of the State of Qatar, for their support in reaching this agreement. I would also especially thank the visionary leadership of the Kingdom of Saudi Arabia and the Republic of Turkiye for their immense contributions in this regard," Sharif said. "With the agreement now in place, mediators will facilitate a series of meetings this week. These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony," he further added.

Iran's Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi has confirmed a peace deal with the United States, and said that Tehran will enter a proposed 60-day negotiation period for a final agreement only after verifying Washington's commitments towards ending hostilities, lifting the blockade and releasing Iranian assets. US President Donald Trump has announced the completion of a peace deal between Washington and Tehran, along with the lifting of US Naval blockade on the Strait of Hormuz. According to Iran's state-affiliated Press TV, Gharibabadi said the official signing ceremony of the agreement will take place on Friday, after which the text of the Memorandum of Understanding will be made public.

"The enemy that had launched an attack to carry out its sinister objectives suffered defeat in all its goals, and the Islamic Republic of Iran achieved great victories in the war. The memorandum of understanding was not just a product of diplomacy, but is indebted to Iran's military achievements. It is indebted to the pure blood of the martyrs we gave in confronting the enemies of the establishment. After the official signing, the text of the memorandum of understanding will be published. On Friday, we will have an official signing, and the heads of the two delegations will hold discussions to determine the future arrangements for negotiations," Gharibabadi said. He added that Iran would first verify whether the United States had fulfilled its obligations regarding "ending the war, lifting the blockade, and releasing assets" before entering the next phase of negotiations. "Entering into 60 days of negotiations is conditional upon the fulfilment of these commitments by the United States," Gharibabadi said, according to Press TV.

Providing further details of the emerging agreement, Gharibabadi said Iran had incorporated all of its key positions into the draft memorandum of understanding and stressed that the document should not be interpreted as a sign of trust in Washington. "This memorandum of understanding does not mean trusting the enemy," he said in remarks reported by Al Jazeera. "We will monitor the implementation of US commitments." The remarks came after US President Donald Trump announced the completion of a peace deal between Washington and Tehran.