▲ U.S. President Donald Trump speaks before signing a proclamation in the Oval Office of the White House in Washington on June 11, 2026, in this photo released by AFP. (Yonhap)

Trump-Iran deal

Trump says Iran deal 'complete,' authorizes toll-free opening of Strait of Hormuz

By Song Sang-ho

WASHINGTON, June 14 (Yonhap) -- U.S. President Donald Trump said Sunday that a peace deal with Iran is now "complete," announcing his authorization of the "toll free" opening of the crucial Strait of Hormuz and the "immediate" removal of a U.S. naval blockade of Iranian ports.

Trump made the remarks in a Truth Social post, as Pakistani Prime Minister Shehbaz Sharif, a key mediator, also wrote on social media that the deal between the United States and Iran has been reached, and that the official signing ceremony for it will take place in Switzerland on Friday.

"The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!" Trump said in the post.

"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!"

South Korea and other countries have been closely watching the developments in the Middle East conflict that started with the U.S.-Israeli attack on Iran on Feb. 28, as it all but closed the Strait of Hormuz, a key shipping route for oil, fertilizer and other commodities, and pushed up oil prices.

On Saturday, Trump said that the deal was scheduled to be signed Sunday. But the signing did not take place as tensions flared anew due to Israel's air strike targeting the Iranian-backed Hezbollah militant group in Lebanon.

In a press call Friday, a senior Trump administration official explained the nearly finalized text of the peace deal, saying it leads to the dismantling of Iran's nuclear program and the U.S.' taking of Iran's enriched uranium.

South Korea and other nations, which rely on the Strait of Hormuz for energy imports, had hoped for an early peace settlement between the U.S. and Iran that would restore safe passage through the waterway. Two dozen South Korean vessels still remain trapped in the strait.

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