US President Donald Trump has announced the completion of a deal with Iran that will see the reopening of the Strait of Hormuz and the immediate removal of a US naval blockade, a move that could ease pressure on global energy markets after months of disruption.

In a statement posted on social media on Monday, June 15, 2026, Trump declared that the agreement with the Islamic Republic of Iran had been finalised and authorised the resumption of commercial shipping through one of the world’s most important oil transit routes.

“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!” Trump said. “I hereby fully authorize the toll-free opening of the Strait of Hormuz and authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!”

The announcement marks a dramatic shift from April, when the United States imposed a naval blockade following the collapse of peace talks with Iran, escalating tensions around the strategic waterway through which roughly one-fifth of global oil and liquefied natural gas shipments pass.

According to reports, the agreement follows months of conflict and negotiations involving regional and international mediators. Pakistani Prime Minister Shehbaz Sharif, who has played a key mediation role, said the two sides had reached an agreement to end hostilities, with a formal signing ceremony expected later this week in Switzerland.

Draft details emerging from the negotiations indicate that the agreement could include the reopening of the Strait of Hormuz to commercial traffic, the suspension and eventual lifting of some sanctions, the release of frozen Iranian assets, and a framework for further negotiations on Iran’s nuclear programme.

The reopening of the Strait is expected to be closely watched by global energy markets, which have experienced significant volatility since the conflict disrupted oil flows through the Gulf region. Analysts say restoring normal shipping operations could help stabilize crude oil prices, ease inflationary pressures and reduce fuel costs for consumers and businesses worldwide.

For oil-importing countries such as Kenya, any sustained decline in global crude prices could eventually translate into lower fuel import costs, potentially easing pressure on transport, manufacturing and other sectors heavily dependent on energy.

However, questions remain about the agreement’s implementation and whether all parties to the broader regional conflict will fully adhere to its terms. Iranian officials have signalled support for continued negotiations, though discussions on nuclear issues and long-term security arrangements are expected to continue beyond the initial deal.

The agreement represents one of the most significant geopolitical developments in global energy markets this year and could mark a turning point in efforts to restore stability to a region that remains critical to the world’s oil supply.