Trump announces peace deal with Iran, declares Strait of Hormuz will reopen: 'Let the oil flow!'

President Donald Trump announced Sunday that the United States and Iran have officially reached a peace agreement, marking a major diplomatic breakthrough that would reopen the Strait of Hormuz and end the U.S. naval blockade of Iranian ports.

"The Deal with the Islamic Republic of Iran is now complete," Trump wrote in a post on Truth Social.

"Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the...