Trump declares US-Iran deal complete, announces end of naval blockade

US President Donald Trump says the deal with Iran “is now complete”, announcing the end of Washington’s naval blockade and the reopening of the Strait of Hormuz.

“Congratulations to all!” Trump wrote on Truth Social on Sunday evening, which also happened to be his birthday.

Trump said he now “fully authorize[s] 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!”

Iran’s deputy foreign Minister, Kazem Gharibabadi, confirmed Trump's post, saying that the war and military operations on several fronts, including Lebanon, will end immediately and permanently from tonight.

Speaking to Iranian state TV, Gharibabadi said talks on a final agreement would take place over a 60-day period.

He added that Tehran would take its own measures if it saw “breaches from the other side”.

Iranian state-affiliated news agency Mehr News Agency reported that the proposed memorandum also includes provisions for the release of frozen Iranian assets.

Iranian official media said Tehran had forced the US to accept a peace deal, with an official statement from Iran’s Supreme National Security Council expected shortly. The precise terms were not immediately known.

Fars news agency reported that Iran would regulate marine traffic through the Gulf in coordination with Oman under the emerging ceasefire arrangement.

Iran's deputy foreign minister said that mediators will remain involved in the next round of negotiations and the text of the memorandum of understanding would be published after the official signing.

He said that negotiations for a final deal would take place over 60 days and warned that Iran would take its own measures if it saw any breaches from the other side and the agreement did not mean Tehran trusted the “enemy”.

The minister said that Iran’s military power and threats helped finalise the text, adding that Tehran did not agree to the memorandum until its final demands were included.

In a follow-up post on X, Pakistan’s Prime Minister Shehbaz Sharif said the United States and Iran had reached a peace deal to end military operations on all fronts.

“Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” Sharif said in a post on X early on Monday.

He added that the formal signing ceremony would take place in Switzerland on 19 June.

Financial markets reacted positively to the announcement, with Brent crude futures falling about 4 percent and US West Texas Intermediate declining more than 4.6 percent in early Monday trading.