President Trump has announced a prospective peace deal with Iran scheduled to take effect Sunday, with a key component being the immediate reopening of the Strait of Hormuz to maritime traffic. The announcement suggests a potential de-escalation of tensions in the region, which has seen increased instability in recent months. The Strait of Hormuz is a critical global shipping lane, and its closure has significantly impacted international trade. Details of the agreement remain scarce, but Trump indicated it would address concerns regarding Iran’s nuclear program and regional influence. The move could have substantial implications for global oil prices and international security. Further information is expected following the official signing on Sunday. The deal’s specifics and Iran’s official response are pending.