US-Iran ‘peace deal’ announced; Strait of Hormuz set to reopen after months of fighting

United States President Donald Trump has announced that a ceasefire deal with Iran has been agreed to and that toll-free shipping through the Strait of Hormuz will now begin. The agreement, later confirmed by Iran’s deputy Foreign Minister Kazem Gharibabadi on Sunday, will immediately end hostilities between Iran and the US.Trump, who turned 80 on Sunday, said the deal allows for toll-free shipping through the Strait of Hormuz, which has been largely closed since the US and Israel launched an assault on Iran on December 28. “The Deal with the Islamic Republic of Iran is now complete,” Trump wrote 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!” He later said in a separate post, “This Great Deal will bring Peace and Security to the whole Region”, and hinted that a more comprehensive peace agreement with Iran would follow. #DonaldTrump, #Iran, #USIranCeasefire, #StraitOfHormuz, #HormuzShipping, #TollFreeShipping, #TruthSocial, #KazemGharibabadi, #MiddleEastPeace, #USNavalBlockade, #OilSupply, #GlobalShipping, #IranDeal, #RegionalSecurity, #CeasefireAgreement, #MaritimeTrade, #EnergyMarkets, #USForeignPolicy, #IranUSRelations, #PeaceAgreement, #OilFlow, #PersianGulf, #InternationalTrade, #Diplomacy, #Geopolitics ► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTimes?sub_confirmation=1 ► More Videos @ ETTV - https://economictimes.indiatimes.com/TV ► https://EconomicTimes.com ► For business news on the go, download ET app: https://etapp.onelink.me/tOvY/EconomicTimesApp Follow ET on: ► Facebook - https://www.facebook.com/EconomicTimes ► Twitter - https://www.twitter.com/economictimes ► LinkedIn - https://www.linkedin.com/company/economictimes ► Instagram - https://www.instagram.com/economictimes/ ► Flipboard - https://flipboard.com/@economictimes #news #latestnews #economictimes #ET #TheEconomicTimes #businessnews