US President Donald Trump announced the deal, despite earlier strikes threatening talks.

Having moved from threats to peace in a matter of hours, Trump says markets ‘like the deal’ and the Strait of Hormuz will reopen soon.

US president says agreement close as Strait of Hormuz tensions linger

US President Donald Trump announced a deal with Iran is set to be signed on Sunday. This agreement is expected to immediately reopen the Strait of Hormuz to all traffic. Pakistan,…

In a social media post, Trump said the strait would be open "toll free" and that the US naval blockade would also end.