'Let the oil flow!' US-Iran peace deal reached as Donald Trump announces opening of Strait of Hormuz

President Donald Trump has declared a peace deal between the US and Iran has been reached after months of fighting.

Taking to Truth Social to announce that negotiations with the Islamic Republic have been concluded, he announced the reopening of the Strait of Hormuz without any tolls while simultaneously directing the withdrawal of the American naval blockade stationed in the region.

"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," Mr Trump wrote in on social media.

"Ships of the World, start your engines. Let the oil flow!"

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Pakistan's Prime Minister Shehbaz Sharif confirmed the breakthrough on X, saying intensive negotiations have resulted in a peace accord between Washington and Tehran.

Both nations have committed to halting all combat activities permanently and without delay across every theatre of conflict, explicitly including Lebanese territory.

The formal signing of the agreement is scheduled to take place in Switzerland on Friday, 19 June.

Mr Sharif extended gratitude to Qatar's leadership for their assistance in brokering the accord, whilst also highlighting the substantial contributions made by Saudi Arabia and Turkey throughout the mediation process.

In the coming days, facilitators will convene a series of preparatory sessions between the parties. These discussions are intended to establish the groundwork for technical negotiations ahead of the official ceremony later this week.

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