President Trump has announced a peace agreement between the United States and Iran, scheduled to be signed on June 14th. The agreement’s immediate effect will be the reopening of the Strait of Hormuz, a critical waterway for global oil transport. Details of the deal remain scarce, but the announcement signals a potential de-escalation of tensions between the two nations. This development follows a period of heightened conflict, including attacks on oil tankers and the downing of a US drone. The reopening of the Strait of Hormuz is expected to stabilize oil prices and ease concerns about supply disruptions. The Trump administration has been pursuing a policy of maximum pressure on Iran, and this deal represents a significant shift in approach. Further information regarding the terms of the agreement is anticipated following the signing ceremony.