Former President Donald Trump announced a Sunday agreement with Iran to end the war and reopen the Strait of Hormuz. The deal aims to restore global oil transit through the strategic waterway.
- Trump stated on Truth Social that the agreement will be signed Sunday, with the strait opening immediately. - The Strait of Hormuz is a critical chokepoint for about 20% of the world's oil supply.
- The announcement has already caused a drop in crude oil prices. - International reactions are mixed, with caution about the deal's long-term viability.
The signing ceremony is set for Sunday, with further details expected.