Proposed Iran-U.S. deal would reopen Hormuz strait and lift oil sanctions, Iran state media says

U.S. President Donald Trump said Thursday that the Strait of Hormuz would be reopened as soon as a deal is signed.

# Proposed Iran-U.S. deal would reopen Hormuz strait and lift oil sanctions, Iran state media says U.S. President Donald Trump said Thursday that the Strait of Hormuz would be reopened as soon as a deal is signed. **Read the full article:** [CNBC](https://www.cnbc.com/2026/06/12/iran-us-peace-memo-strait-hormuz-oil-sanctions.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*