Donald Trump says Iran deal signed, Strait of Hormuz to be fully open by Friday
Mangalore Today News Network
Evian, France, Jun 16, 2026: US President Donald Trump said an agreement to reopen the Strait of Hormuz had been finalized, describing it as a major step toward easing global economic disruption caused by a three-month blockade of Gulf oil supplies.
"The deal’s all signed. And the strait is already partially opened," Trump told reporters shortly after arriving in Evian, France, for the G7 summit.
A formal signing ceremony for the agreement is expected to take place on Friday in Geneva. When asked when the memorandum’s text would be released publicly, Trump said it would likely happen shortly after Friday.
US Senate Democratic leader Chuck Schumer called on the administration to disclose the details of the agreement and brief Congress.
"The American people deserve details and full transparency - what exactly is in this ’understanding’?" Schumer said in a statement. He also questioned whether US service members would remain at risk and what the United States had gained from the conflict.
Despite the agreement, tensions remain high in the region. In southern Lebanon, an Israeli drone strike targeted a vehicle in Kfar Tebnit, reportedly killing the driver. The attack came shortly after the agreement was announced. Israeli authorities had not immediately commented on the strike.
According to reports from both sides, the agreement would reopen the Strait of Hormuz and extend a ceasefire for a 60-day negotiation period. During this time, contentious issues, including the future of Iran’s nuclear programme, are expected to be addressed.
While the full terms of the agreement have not been made public, US officials said that any economic benefits offered to Iran would depend on Tehran meeting Washington’s demand that it never develop a nuclear weapon.
US Vice President JD Vance said the agreement could eventually allow Iran access to a reconstruction fund worth up to $300 billion, financed by Gulf Arab nations, provided it honours commitments to relinquish nuclear material.
Iran, which has consistently denied seeking nuclear weapons, maintains that it has made limited concessions under the agreement. Iranian officials say the deal includes US commitments to lift sanctions, release frozen assets and provide compensation for damages caused during the conflict.
Lebanon remains a major point of concern. Although direct hostilities between the United States and Iran had largely subsided by early April, fighting between Israel and the Iran-backed Hezbollah movement has continued.
Iranian Foreign Minister Abbas Araqchi said a complete halt to Israeli military operations in Lebanon was essential and stated that the United States bears responsibility for implementing the framework agreement.
Hezbollah welcomed the agreement, saying that its provisions concerning Lebanon reflected Iran’s efforts to secure an end to the war while protecting Lebanon’s interests.
Israeli Prime Minister Benjamin Netanyahu has not publicly commented on the US-Iran agreement. However, Defence Minister Israel Katz said Israel would maintain its presence in parts of southern Lebanon to address security threats.
Privately, Israeli officials have reportedly expressed dissatisfaction with the agreement. One senior Israeli official, speaking anonymously, described the deal as "terrible for Israel" and suggested that this view was widely shared within the government.
The reopening of the Strait of Hormuz is expected to ease the global energy crisis triggered by the conflict. Oil prices fell sharply on expectations of improved supply, while stock markets rallied, with some indices reaching record highs.
Trump, highlighting the potential economic impact of the agreement, wrote: "Ships of the World, start your engines. Let the oil flow!"