Ceasefire deal reportedly reached: The Strait of Hormuz will be "permanently toll-free," according to President Donald Trump, who reports he reached a preliminary ceasefire deal with Iran over the weekend. A memorandum of understanding is scheduled to be signed on Friday.
BREAKING: President Trump says the deal with Iran is "now complete."
"I hereby fully authorize the toll free opening of the Strait of Hormuz… let the oil flow," Trump says. pic.twitter.com/ekg15g5uqQ
— The Kobeissi Letter (@KobeissiLetter) June 14, 2026