Strait of Hormuz would be 'permanently toll free' under US-Iran peace deal, Trump claims

Published 15 June 2026 · us

US President Donald Trump today claimed that the deal with Iran would keep the key shipping route 'permanently toll-free, according to a The New York

US President Donald Trump today claimed that the deal with Iran would keep the key shipping route 'permanently toll-free, according to a The New York Times report. Reportedly, Trump also insisted that if Iran does not reach a final nuclear agreement with the United States, talks for which his aides expect to begin in Switzerland on Friday, he would either resume military attacks on Iran or have the US act as the 'guardian of the Middle East' in exchange for 20% of the region’s revenues. Trump further added that the agreement would also prevent Iran from threatening Israel and claimed it had saved Israel from a potential nuclear attack, despite opposition from Israeli Prime Minister Benjamin Netanyahu. In a phone interview with the NYT, Trump said his decision to attack Iran in late February and later impose a naval blockade after Iran closed the Strait of Hormuz had reshaped the Middle East in America's favour.

'Let the oil flow' Quick answers to key questions • 5 QUESTIONS 1 What does the US-Iran peace deal entail regarding the Strait of Hormuz? ⌵ The US-Iran peace deal includes the permanent toll-free opening of the Strait of Hormuz and the removal of the US Naval blockade, allowing oil shipments to flow freely again. 2 Why is the Strait of Hormuz significant for global oil supply? ⌵ The Strait of Hormuz is crucial as it typically carries about a fifth of the world's supply of oil and liquefied natural gas, making it a vital maritime chokepoint. 3 How did the closure of the Strait of Hormuz impact global energy markets? ⌵ The closure of the Strait of Hormuz disrupted oil supplies, leading to increased oil prices and fears of a broader conflict, which ultimately affected inflation and global energy stability. 4 Should the peace deal effectively reopen the Strait, what are the expected economic implications?

⌵ If the Strait reopens under the peace deal, it could stabilize oil prices and ease inflationary pressures by restoring normal shipping volumes in a key global energy route. 5 What are the current concerns surrounding Iran's nuclear program in light of the peace deal? ⌵ Concerns remain about whether the peace deal will effectively address Iran's nuclear program, as the U.S. and Iran are entering negotiations with a lack of assurance on this critical issue. "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!" Trump announced on Truth Social. His post came shortly after Pakistani Prime Minister Shehbaz Sharif, whose country has served as a mediator, announced a deal had been struck early on Monday local time.