Trump announced authorization to reopen the Strait of Hormuz as part of a US-Iran peace deal, marking the end of the nearly four-month conflict that began in late February 2026. Multiple outlets confirm the authorization, though reporting differs on exact timing—sources cite both Friday and Sunday for when the deal was expected to be signed in Switzerland, with the actual strait reopening expected to follow. The deal was brokered by Pakistan and would allow global oil shipping to resume through one of the world's most critical energy chokepoints, likely reversing recent oil price spikes driven by the blockade.