Trump also noted that there are “other areas of travel” available, without providing further details.
The remarks come as global markets continue to monitor developments affecting shipping and energy flows through the Strait of Hormuz, a key route for global oil trade.
This is also a key step as a peace deal between USA and Iran is on card. Earlier, US President Donald Trump has announced on Monday, June 15, Indian Standard Time, that the peace deal with Iran is now “complete” bringing an end to the war that lasted over three-and-a-half months, and roiled markets across the globe and sent oil prices soaring.In a post on Truth Social, Trump announced the completion of the deal.
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!”, he wrote.
In another post, he went on to add that the deal will bring peace and security to the whole region. He also announced the opening of the Strait of Hormuz and the immediate lifting of the US naval blockade.
One of the most closely watched provisions in the US-Iran peace agreement is an alleged $300 billion fund to help Iran rebuild after over three months of instability, but details remain fluid, and the plan has not been officially confirmed by either side.
Iran’s state-linked Mehr News Agency highlighted that the US and its allies would pay for what it calls the “reconstruction fund”.
