U.S. President Donald Trump has announced that a deal with Iran has been finalized.

“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!” Trump said on Truth Social.

The White House also commented, saying the agreement marked a historic breakthrough that would end decades of hostility and help promote stability in the region.