President Trump announced during the G7 summit on June 15 that the Strait of Hormuz will fully reopen to international shipping by Friday, June 19. The agreement with Iran, which Trump described as “complete,” effectively ends a period of disruptions that had sent energy prices surging and rattled global markets for months.
The strait handles roughly 25% of global oil transit.
What the deal actually looks like
Trump made the announcement alongside French President Macron at the G7, calling the strait “completely open” and “permanently toll-free.” He followed up on Truth Social, urging global shipping to resume operations and calling for unrestricted traffic in both directions.
A ceremonial signing is planned in Switzerland on the same day. Initial reports suggest vessels are already beginning to navigate the strait under interim terms, though Iranian media has expressed some caution about the exact timing of full reopening.
