President Donald Trump announced Sunday that the United States has finalized its agreement with Iran, declaring the deal complete and immediately authorizing the reopening of the Strait of Hormuz to global shipping.

“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!” Trump wrote.

Trump later hailed the agreement as a historic achievement, saying it would bring “Peace and Security to the whole Region.”

“This Great Deal will bring Peace and Security to the whole Region. Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace,” Trump said.

Pakistani Prime Minister Shehbaz Sharif also announced what he described as a peace agreement between the United States and Iran.

“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,” Sharif wrote.

According to Sharif, both sides agreed to the “immediate and permanent termination of military operations on all fronts, including in Lebanon.” He said an official signing ceremony is scheduled for Friday, June 19, in Switzerland.

Sharif thanked Qatar for its mediation efforts while praising Saudi Arabia and Türkiye for what he called their “immense contributions” to the agreement.

“With the agreement now in place, mediators will facilitate a series of meetings this week,” Sharif said. “These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.”

Iranian state media also confirmed that an agreement had been reached, claiming the Islamic Republic forced what it called the “American-Zionist enemy” to end the war on all fronts.

According to Iran’s Fars News Agency, Tehran temporarily halted negotiations with Washington following Israel’s airstrike on a Hezbollah command center in Beirut and prepared a military response against Israel. The report claims Iran ultimately refrained from launching an attack after receiving last-minute concessions from President Trump, including preserving Lebanon’s territorial integrity, an Israeli withdrawal from the Lebanon border, and the immediate lifting of the naval blockade. The report further states that future navigation arrangements in the Persian Gulf will be coordinated between Iran and Oman.

Iranian media also published details of what it says is a draft U.S.-Iran memorandum of understanding. The reported draft includes an immediate and permanent ceasefire across all fronts, including Lebanon, a U.S. commitment not to interfere in Iran’s internal affairs, and the lifting of the naval blockade with the reopening of the Strait of Hormuz within 30 days.

The reported framework also calls for the suspension of oil-related sanctions, restoration of Iran’s access to its revenues, the release of $24 billion in frozen Iranian assets during a 60-day negotiation period, and $300 billion in reconstruction funding from the United States and its allies.

Under the reported proposal, the 60-day negotiations would focus on Iran’s nuclear program and broader sanctions relief. Iran would reaffirm that it will not develop nuclear weapons under the Nuclear Non-Proliferation Treaty, while its missile program and support for regional proxy groups would remain outside the scope of the talks. The draft also reportedly calls for an international monitoring mechanism and eventual approval by the United Nations Security Council.

Meanwhile, according to a Maariv report, Prime Minister Binyamin Netanyahu informed President Trump that Israel will not withdraw its forces from Lebanon and does not consider itself bound by the Lebanon-related provisions contained in the reported U.S.-Iran memorandum of understanding.

(YWN World Headquarters – NYC)