Trump Declares Iran Deal Done, Reopens Strait of Hormuz, Bitcoin Climbs Past $65K
·2 min read
Compiled by KHAO Editorial
— aggregated from 4 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
President Donald Trump declared a deal with Iran complete on Sunday, immediately authorizing the toll-free reopening of the Strait of Hormuz and the removal of the U.S. naval blockade.
Key facts
West Texas Intermediate crude settled near $84.88 per barrel, down roughly 3.2% on the day
Trump posted the announcement on Truth Social on June 14, 2026
The conflict escalated on February 28, 2026, when the U.S. and Israel launched coordinated strikes on Iranian military and nuclear sites under Operation Epic Fury
The strait handles an estimated 20 to 25% of global seaborne oil trade
Summary
Trump authorized the toll-free reopening of the Strait of Hormuz and lifted the U.S. naval blockade on June 14, 2026. WTI crude fell roughly 3.2% to $84.88/barrel, and Brent dropped 3.4% to $87.33 on reduced supply risk. Bitcoin climbed above $65,000 on the peace signal, with a formal signing ceremony set for June 19 in Switzerland. Trump posted the announcement on Truth Social on June 14, 2026. The full statement read: “The Deal with the Islamic Republic of Iran is now complete.