Trump announces agreement with Iran, orders naval blockade to lift from Strait of Hormuz

President Trump announced that he reached an agreement with Iran and directed the withdrawal of a naval blockade from the Strait of Hormuz, one of the world's most critical shipping passages.

Trump made the announcement without providing specifics about the deal's terms. The two sides will sign the agreement Friday in Switzerland, according to Trump's statement.

The Strait of Hormuz, which connects the Persian Gulf to the Gulf of Oman, handles roughly one-third of global seaborne petroleum trade. The waterway has been a flashpoint for regional tensions, and its closure or restricted access affects international energy prices and shipping logistics.

Trump did not specify when the strait would reopen to normal traffic following the blockade's removal. The timing of the waterway's reopening remained unclear as of his announcement.

Full details of the agreement have not been released. Trump's statement offered no information about specific concessions, sanctions relief, or other provisions either side agreed to accept.