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Trump, Iranian President Sign Deal Reopening Strait of Hormuz

6/18/2026

41 7 Full Breakdown

Center

Trump Ends Blockade

U.S. President Donald Trump and President Masoud Pezeshkian signed a memorandum to end conflict and reopen the Strait of Hormuz.
The memorandum extends the cease-fire by 60 days and orders a permanent halt to all military operations.
The deal lifts the blockade and permits toll-free traffic through the Strait of Hormuz.
G7 leaders welcomed the pact, citing a $300 billion fund and Brent crude falling below $80.

Left

Amnesty Declares Warcrime

Amnesty International declared Israel’s forced displacement of civilians in southern Lebanon a war crime under international law.
Israeli airstrikes in southern Lebanon killed at least four people on June 15, despite the U.S.–Iran cease-fire memorandum.
Brent crude fell below $80 a barrel, its lowest level since the war began.
Iran’s Abbas Araghchi warned Israel’s breach may trigger harsh response, prompting Trump to rebuke Netanyahu.

History

Historical Context

In October 1973, after the Yom Kippur War, OAPEC—led by Saudi King Faisal—ordered a 5 % monthly cut and an embargo on the United States, driving world crude from about $3 to $12 a barrel and lasting until March 1974. The shock showed how oil flow could be weaponized, a precedent echoed in today’s U.S.–Iran cease-fire talks and Amnesty’s war-crime claim.

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Trump Ends Blockade

U.S. President Donald Trump and President Masoud Pezeshkian signed a memorandum to end conflict and reopen the Strait of Hormuz.
The memorandum extends the cease-fire by 60 days and orders a permanent halt to all military operations.
The deal lifts the blockade and permits toll-free traffic through the Strait of Hormuz.
G7 leaders welcomed the pact, citing a $300 billion fund and Brent crude falling below $80.

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