USA President, Donald John Trump
There are strong indications that final peace has come to stay between USA, Israel and Iran following the announcement of permanent ceasefire agreement to end the three months hostilities by US President, Donald J Trump on Sunday,
June 14th, 2026.
Business Hilights.ng recalls that the USA and Israel have been at war with Iran since March 2nd, 2026 which has led to the closure of the Strait of Hormuz by Iran, an action that has thrown the global energy market into an unprecedented tumult due to the resultant high energy costs.
About 20 percent of the world’s seaborne oil trade passes through the Strait of Hormuz which is controlled by the Iran.
The closure of the Strait has restricted the movement of oil tankers through the vital route which led to an astronomical increase of petroleum products.
However, after three months of hostilities between the Israeli /US armies and Iran, a ceasefire deal was announced by the President of the United States, Mr Donald Trump while ordering the opening of Strait of Hormuz and the removal of US Naval blockade of the Strait.
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!,” Trump declared in a post on his Truth Social platform.
“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,” he added.
Trump also signaled the resumption of maritime traffic and energy shipments through the strategic waterway, writing: “Ships of the World, start your engines. Let the oil flow!”
Whereas he did not provide additional details about the agreement or implementation of the measures in his statement, Pakistani Prime Minister, Shehbaz Sharif, also announced early Monday that the US and Iran have reached a peace agreement following intensive negotiations.
“Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED,” Sharif said in a post on the US social media platform X.
He added that “both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.”
According to Sharif, the official signing ceremony is scheduled to take place on June 19 in Switzerland.
Analysts say the development is expected to restore confidence in global energy markets, as approximately one-fifth of the world’s seaborne oil trade passes through the waterway.
According to findings, it is believed that the resumption of tanker traffic could ease supply concerns and reduce the geopolitical risk premium that has driven up crude oil prices in recent months.
