Strait of Hormuz will reopen, Trump says as deal with Iran agreed on

An agreement has been finalized between Iran and the U.S. to end military operations on all fronts, Iranian officials confirmed Sunday. The deal, brokered by Qatari mediators after 17 hours of intensive negotiations, is set to be officially signed in Switzerland. President Donald Trump announced that the Strait of Hormuz will reopen on Friday, and the U.S. naval blockade on Iran will be lifted.

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The Strait of Hormuz will reopen on Friday after the deal is signed, and confirmed the U.S. naval blockade on Iran will be lifted.

The news of the agreement led to a drop in Brent crude oil prices, falling more than $4 a barrel. Trump is heading to the G7 Summit in the French Alps to discuss the deal with world leaders. Some leaders have previously criticized his handling of the conflict, which has driven up global energy prices.

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Israel won't pull its troops from Lebanon and doesn't consider itself obligated to go along with the Lebanon-related portions of the deal.

However, Israeli Prime Minister Benjamin Netanyahu told Trump that Israel will not withdraw its troops from Lebanon and does not consider itself obligated to comply with the Lebanon-related parts of the deal. Ynet reported that Netanyahu also informed Trump that Israel would continue to target Iran-backed Hezbollah. The Israeli cabinet has fully backed Netanyahu's stance.

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I welcome the agreement reached between the United States and Iran, the result of a diplomatic effort to which several partners have contributed.

U.K. Prime Minister Keir Starmer and French President Emmanuel Macron have both released statements supporting the U.S.-Iran deal. Macron called for its rapid and complete implementation by all belligerents and emphasized the importance of reopening the Strait of Hormuz for regional stability and the global economy. France has expressed readiness to play its part in the process.

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The resumption of maritime traffic, without restriction or toll, is an indispensable condition for regional stability and the global economy.