News · 15 June 2026

US, Iran agree peace; Strait of Hormuz reopens

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After months of conflict, US and Iranian officials have agreed a permanent deal to end their war, bringing significant global economic relief. US President Donald Trump ordered an end to port blockades, and Iranian officials said all military operations would stop from Monday night. Crucially, the Strait of Hormuz will immediately reopen, sending oil prices sharply down after months of increases.

By BriefTea Editorial · 15 June 2026 at 10:10

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