Trump Says Iran Peace Deal ‘Complete’—Ends Strait Of Hormuz Blockade

BreakingBusinessBreaking NewsTrump Says Iran Peace Deal ‘Complete’—Ends Strait Of Hormuz BlockadeByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorJun 14, 2026, 06:15pm EDTToplineThe U.S. has reached a peace deal with Iran, both President Donald Trump and Pakistani mediators said Sunday evening, with the president also announcing in a post on Truth Social an end to the U.S. blockade of the Strait of Hormuz, saying “Let the oil flow!”Trump announced the peace deal in a post on Truth Social.AFP via Getty ImagesKey FactsPakistani Prime Minister Shehbaz Sharif, whose country acted as intermediaries between the two sides, announced the deal in a post on social media earlier on Sunday evening, which is set to be signed next Friday.The deal would declare an immediate end to the conflict on all fronts, Sharif said, including in Lebanon—where Israel struck Hezbollah targets in Beirut just hours earlier.In Trump’s post on Truth Social, the president promised to remove the naval blockade of Iranian ships in the Strait of Hormuz, before declaring: “Ships of the World, start your engines. Let the oil flow!”This is a breaking story and will be updated.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video