With oil flows through the Strait of Hormuz now stabilizing, Trump suggested that the US may finally be in a position to reinstate tougher measures.

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 framework deal to reopen the Strait of Hormuz by June 19. Bitcoin surges past $66K as oil drops 5% on the geopolitical breakthrough.