Trump announces US-Iran peace deal, Strait of Hormuz to reopen

President Donald Trump says the United States and Iran have reached a peace deal, and he has authorized the reopening of the Strait of Hormuz. The strait, a key waterway for global oil shipments, had been blocked amid recent US-Iran tensions. Trump claimed the strait would be "permanently toll free" under the agreement.

Secretary of State Marco Rubio defended the earlier blockade after India protested US strikes in the region. Trump also suggested the signing of the deal was postponed due to Israel’s attack on Beirut, according to media reports. No further details on the agreement's terms have been released.