President Trump announced Sunday that his administration has reached an agreement with Iran that brings an end to more than 100 days of conflict across the Middle East.
“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote on his Truth Social platform. “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!”
The announcement marks a significant development after months of escalating tensions between Washington and Tehran. Negotiations between the two countries had repeatedly stalled during Trump’s second term, eventually culminating in joint U.S.-Israeli strikes against Iran at the end of February. Those strikes helped trigger a broader regional conflict that affected multiple countries and disrupted global energy markets.
One of the most consequential outcomes of the fighting was Iran’s decision to restrict shipping through the Strait of Hormuz, a critical maritime passage through which roughly one-fifth of the world’s oil supply flows. The disruption sent shockwaves through the energy sector and contributed to a sharp increase in fuel prices. According to the American Automobile Association, average U.S. gas prices climbed from below $3 per gallon before the conflict to more than $4.07 as of Sunday.
In response to Iran’s actions, the United States imposed a naval blockade on Iranian ports in mid-April. The move was intended to pressure Tehran economically by restricting oil exports. A Pentagon official told The Hill on May 1 that the blockade had cost Iran approximately $4.8 billion in oil revenue.
Pakistani Prime Minister Shehbaz Sharif, who has played a key role in mediating negotiations between the United States and Iran, announced on X that an official signing ceremony is scheduled to take place Friday in Switzerland.
Sharif stated that both sides “have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” referring to Israel’s campaign against the Iranian-backed militant group Hezbollah. Fighting in Lebanon has contributed to rising casualties and complicated diplomatic efforts aimed at ending the broader conflict.
According to Reuters, a senior Iranian official said a draft memorandum of understanding calls for the United States to refrain from imposing new sanctions on Iran while negotiations continue and to release $25 billion in frozen Iranian assets. In return, Tehran would reportedly agree not to produce or acquire nuclear weapons and would halt further uranium enrichment and expansion of its nuclear facilities.
Sharif praised both governments “for their commitment to finding a diplomatic solution to the conflict.” He also thanked Qatar, Saudi Arabia and Turkey for supporting the mediation process.
“With the agreement now in place, mediators will facilitate a series of meetings this week,” Sharif added. “These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.”
The agreement comes despite continued military tensions in recent weeks. The United States and Iran have operated under a fragile ceasefire since April 7, though both sides have continued to exchange strikes. Most recently, American forces conducted strikes on Iranian targets after Iranian forces shot down a U.S. Apache helicopter, prompting a rescue operation for its two crew members.
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