On June 14, US President Donald Trump declared the "toll-free opening" of the Strait of Hormuz, billing the pact with Iran as his crowning achievement.

Trump said the US reached a deal with Iran on Sunday to reopen the Strait of Hormuz, a possible end to a 15-week conflict that upended global oil markets.

Trump announces US-Iran deal to reopen the Strait of Hormuz toll-free on June 14. Bitcoin surges past $63,000 as geopolitical tensions ease.