Trump says Hormuz blockade to be lifted as US, Iran reach peace deal; agreement to be signed on June 19 | World
Washington: In a move that could finally pave the way for peace in the Middle East, US President Donald Trump said on Sunday (local time) that the United States and Iran have finalised the peace agreement, congratulating all parties that were involved in the peace negotiations. In a post on Truth Social, the 80-year-old Republican leader also announced that the naval blockade on Strait of Hormuz will be lifted. Soon after his announcement, oil rates plunged by 4.39 per cent to USD 81.15 a barrel, but experts still believe that it would take months for the situation to normalise. "I…