U.S. President Donald Trump announced a ceasefire agreement with Iran via social media on Sunday. The agreement includes allowing the reopening of the Strait of Hormuz without tariffs and the immediate lifting of the U.S. naval blockade of Iranian ports. The announcement prompted a positive reaction in stock markets, with gains observed following the news. Simultaneously, oil prices experienced a decline, indicating reduced concerns over potential supply disruptions in the region. The move signals a potential de-escalation of recent tensions between the two nations, which have been heightened by maritime security concerns and economic sanctions. Details regarding the specifics of the agreement beyond the lifting of restrictions remain limited. This development follows a period of escalating conflict and diplomatic strain.