Iran war live: Trump says ‘let the oil flow’ as he announces peace deal with Tehran

The U.S. and Iran have agreed to a peace deal, bringing an end to months of fighting that has sparked devastation across the region and upended the global economy since the conflict began in late February, U.S. and Pakistani officials announced on Sunday.

The agreement, brokered after weeks of halting negotiations in Pakistan and then Qatar, will see a permanent ceasefire implemented as well as the reopening of the Strait of Hormuz.

Both sides will now enter talks to iron out the details of the agreement and move forward on longer-term issues, including key questions such as uranium enrichment and sanctions.

Donald Trump has yet again criticised Israel’s Benjamin Netanyahu for mounting attacks on Lebanon and said that he should be “very thankful” to the US.“He’s a very difficult guy,†Trump said of Netanyahu.

The US president told the New York Times: “And to be honest with you, he should be very thankful to us for doing this. Because if Iran had a nuclear weapon, Israel wouldn’t be around for two hours.â€

Trump insisted that it was the threat of further attacks on Iran that made Tehran agree to the deal. “They did not want the third attack,†he said.

“They do care about living.â€

“The bottom line is that those attacks that we made had a huge impact on having this deal made, a huge impact.

US lawmaker Ro Khanna said the Democrats should welcome the peace deal between Donald Trump and Iran as he welcomed the reopening of the Strait of Hormuz.”Democrats should support it,” he said in a post on X.

“…we can be relieved that gas and food costs will start coming down for Americans. And that no more American or civilian lives will be lost,” he added.

Israel’s prime minister Benjamin Netanyahu has penned a birthday message to President Donald Trump as he turns 80 years old.

“Happy birthday Donald. This year your birthday comes at an auspicious time,†he wrote in a tribute on X, alongside a photo of the two world leaders clasping hands. “America celebrates 250 years of freedom – a great nation built on liberty and faith.â€

He continued, “I wish you continued strength and vigor as you lead America towards a bright future of peace through strength, and as we continue to bring the U.S. – Israel alliance to ever greater heights.â€

The birthday message came after Netanyahu defied Trump by striking Lebanon while the peace deal was near.

More countries are welcoming the peace deal between the US and Iran to end their months-long war and reopen the Strait of Hormuz.

Turkish president Recep Tayyip Erdogan welcomed the agreement, calling it an important step toward peace and stability in the Middle East.

“I view the agreement reached between the United States and Iran as an important development for establishing peace and tranquility in our region,” Erdogan said in a post on X.

“I emphatically underscore the need to avoid rhetoric, provocations, and actions that could escalate tensions in the period leading up to the signing of the agreement, and to remain vigilant against possible sabotage,” he said.

Japanese prime minister Sanae Takaichi said Tokyo had actively pursued diplomatic efforts, saying that the priority was to calm the situation.

She said Japan expected the deal to be steadily implemented, free and safe navigation through the Strait of Hormuz to be secured, and a final agreement on Iran’s nuclear issue to be reached as soon as possible.

President Donald Trump has announced that the Strait of Hormuz would reopen on Friday once the peace deal with Iran was formally signed by both nations.

“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,” Trump wrote on Truth Social.

“Ships of the World, start your engines. Let the oil flow!” he added.

Oil prices slipped to their lowest since March after US president Donald ‌Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.

Brent crude futures fell $3.58, or 4.10 per cent, to $83.75 a barrel and US West Texas ​Intermediate was at $80.87, down $4.01, or 4.72 per cent.

Both contracts tumbled more than 3 per cent on Friday.

The world has lost ​millions of barrels of oil and gas supply since the war closed the Strait of Hormuz, a chokepoint for a ‌fifth of â the world’s oil and liquefied natural gas supplies, for more than three months.

Donald Trump reportedly lashed out at Benjamin Netanyahu in an angry phone call following Israel’s attack on Beirut on Sunday.

In a post on Truth Social earlier today, the US president condemned the attack, stating it “should not have happened†so close to a peace deal with Iran.

The chief foreign correspondent for Fox News said in a post on X: “President Trump said he asked Israeli Prime Minister Netanyahu “what the f*** are you doing?†on a call after the Israeli strikes against Beirut.

“He told Netanyahu not to conduct additional strikes. The President told me he will ask Iran not to respond with missile fire toward Israel.â€

A U.S. official rebutted an Iranian state media report that Iran will be given billions under the terms of the newly announced peace agreement, according to a new report.

“A senior USG official involved in the process of the [memorandum of understanding] with Iran is denying a report being quoted from Iran media that Iran gets $12 billion up front,†Maggie Haberman, a White House correspondent for The New York Timeswrote on X on Sunday evening.

“The USG official said, as officials in the administration have for weeks, that the agreement is all performance-based,†she added.