Iran-US war latest: Trump says ‘let the oil flow’ as he announces peace deal with Tehran (opens original article in a new tab)

US and Iran agreed to end their war, reopen the Strait of Hormuz, and lift the US blockade, with Trump announcing the deal on Truth Social. Oil prices fell as a result.

• US and Iranian officials agreed on a framework to end their war and reopen the Strait of Hormuz
• Trump announced the deal on Truth Social, citing the Strait's reopening and end of the US blockade of Iranian ports
• Oil prices fell following the announcement as Brent crude and WTI dropped over 4%