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The deal to end fighting and re-open the Strait of Hormuz leaves the sides where they were 24 hours before the war - only with thousands now dead.
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While meeting with French President Emmnual Macron at the G7 summit, President Donald Trump said that the Strait of Hormuz will fully reopen and that he expects the agreement with Iran will be signed by Friday.
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"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.
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Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
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The deal is a major breakthrough in the conflict that set the Middle East aflame and shook the global economy. However, it did not resolve critical issues set aside for further negotiations.
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While the president says the agreement with Iran would open the Strait of Hormuz and provide economic relief, the country's nuclear program is still a subject for negotiation.
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An agreement has been reached between the United States and Iran to end fighting and reopen the Strait of Hormuz, according to President Donald Trump and Iranian officials.
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