EU chief hails US-Iran deal to end war, reopen Hormuz

European Union chief Antonio Costa has welcomed a reported deal between the United States and Iran to end the Middle East war and reopen the vital Strait of Hormuz. Costa expressed his anticipation for an end to the conflict and the full restoration of navigation rights in the crucial waterway.

The United States and Iran announced they have reached an agreement to cease hostilities across all fronts, including in Lebanon. The deal, which is slated for signing on Friday in Switzerland, represents a significant breakthrough after months of conflict that has claimed thousands of lives and disrupted energy markets. However, details regarding Tehran's nuclear program remain scarce.

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I look forward to an end to this costly war and to the full restoration of freedom of navigation in the Strait of Hormuz.

U.S. President Donald Trump announced the completion of the deal on his social media platform, Truth Social. He stated, "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!"

While few specifics were made public, Trump emphasized that the Strait of Hormuz, a key passage for global oil, would reopen following the agreement's signing. The EU has indicated its readiness to contribute to a strategy for "lasting peace" in the region.

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The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorise the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorise the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!