President Donald Trump announced on June 14 that a peace agreement with Iran has been reached and authorized an immediate end to the U.S. naval blockade of the Strait of Hormuz, marking a major step toward concluding the 2026 Iran war.
The blockade, which began on April 13, 2026, had effectively shut down Iranian maritime trade and cost the country an estimated $435 million in daily economic activity, according to the Foundation for Defense of Democracies.
Pakistan’s Prime Minister Shehbaz Sharif confirmed on June 13 that the U.S. and Iran had agreed to the wording of a deal to end their war, according to Reuters. The agreement was reached after months of negotiations mediated by Pakistan, with multiple ceasefire extensions and failed talks throughout the spring.
The Strait of Hormuz, a critical global shipping lane through which roughly one-fifth of the world’s oil passes, will now reopen under the deal. The blockade’s disruption had raised energy prices and freight costs worldwide, according to multiple analysts.
Trump had announced a ceasefire with Iran on April 7, 2026, but peace talks in Islamabad collapsed shortly after, leading him to impose the naval blockade on April 12. The blockade remained in place for over two months as negotiations continued fitfully, with Trump at times threatening additional military strikes while also signaling progress toward a settlement.
The deal represents a significant shift from Trump’s earlier hardline stance. In late April, he rejected Iran’s peace proposal and vowed to maintain the blockade until Iran agreed to his terms, according to the Council on Foreign Relations. By late May, Trump claimed the deal was “largely negotiated,” and by mid-June, both sides confirmed they had reached an agreement.
Sources
- Reuters — confirmed the U.S.-Iran peace deal and that Pakistan’s prime minister said a signing was set for June 14
- PBS NewsHour — reported Trump’s announcement that a deal was reached and the naval blockade would end
- CNN — reported Trump’s statement that an agreement with Iran had been reached
- Washington Post — reported Trump confirmed the deal and authorized the end of the naval blockade
- Wikipedia — documented the April 13, 2026 start date of the naval blockade and the 2026 Iran war ceasefire timeline
- Foundation for Defense of Democracies — reported the blockade’s estimated $435 million daily economic impact on Iran
- Council on Foreign Relations — reported Trump’s rejection of Iran’s peace proposal on April 30, 2026
- AP News — confirmed the U.S. and Iran agreed to the wording of a deal on June 13
