Donald Trump has announced that a peace deal with Iran "is now complete" as he told the ships of the world to 'start your engines [and] let the oil flow'. As part of the deal, the Strait of Hormuz oil and gas shipping route is poised to reopen without charge.
Trump's Announcement on Truth Social
The US president posted on his Truth Social platform: "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!"
Pakistani Mediation Confirms Agreement
Pakistani Prime Minister Shehbaz Sharif, whose nation has been serving as mediator in the conflict, confirmed the agreement also covers Lebanon. He wrote on X: "Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and 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." He added that "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."
Details and Implications
Full details of the deal did not immediately emerge and it was unclear how soon the Strait of Hormuz could reopen. Central to the negotiations has been Iran's stranglehold on the critical waterway, which has disrupted global oil and gas supplies and driven up fuel and food prices. Another flashpoint has been Tehran's nuclear plans, which it insists are peaceful but the US and Israel fear could be used to build a weapon due to its stockpile of highly enriched uranium.
International Response
Prime Minister Sir Keir Starmer spoke to Mr Trump on Saturday afternoon, welcoming his latest attempt to end the Iran war and telling him the UK was ready to support the peace efforts. The American president is expected to discuss plans with allies during next week's G7 summit in France. Britain and France have expressed interest in assisting with demining the Strait of Hormuz once the conflict is paused.
