US and Iran reach agreement on Strait of Hormuz deal, Trump announces completion

US President Donald Trump has announced that the US-Iran deal is now complete, authorizing the removal of the Navy blockade of the Strait of Hormuz. The agreement includes a waiver on oil sanctions, nuclear limits, and asset release.

According to reports, the draft deal was reached between the two countries after months of negotiations. The terms of the agreement have not been made public, but it is reported that Iran will be allowed to continue its oil exports without facing significant economic penalties.

The US Navy has announced plans to lift its blockade on the Strait of Hormuz, which has been in place since 2019. This move is seen as a key part of the deal, allowing Iranian ships to pass through the waterway without interference.

The agreement comes after a period of heightened tensions between the two countries, including a series of military incidents and cyberattacks. The deal is seen as a significant step towards reducing tensions and restoring diplomatic relations between the US and Iran.

The G7 summit has also begun in France, with leaders from around the world gathering to discuss global issues such as trade, security, and climate change.

Source: Google News World