President Donald Trump announced that the United States and Iran had reached a new agreement aimed at creating a pathway toward ending a conflict that has lasted more than 100 days.

According to Trump’s statement on Truth Social, he authorized the reopening of the Strait of Hormuz, a critical global shipping route responsible for roughly 20% of global energy trade.

The announcement came shortly before a scheduled White House event and was quickly followed by market reactions, including a drop in Brent crude oil prices to around $83 per barrel, the lowest level since the conflict began.

Initial reports from Iranian state media suggested the agreement includes significant economic components, such as a reconstruction package worth at least $300 billion and the release of approximately $12 billion in frozen Iranian assets.

Pakistani Prime Minister Shehbaz Sharif, who has been involved in mediating talks, indicated that the deal sets the groundwork for upcoming technical negotiations and a formal signing ceremony planned for later in the week.

However, the announcement drew immediate criticism from political analysts and commentators, many of whom expressed skepticism about the deal’s substance and outcomes.

Critics argued that the agreement appeared to concede significant benefits without securing major concessions from Iran, particularly regarding its nuclear program.Some commentators described the situation as a reversal of prior U.S.positions, while others emphasized that no finalized agreement had yet been signed.Social media reactions included claims that the deal failed to achieve meaningful progress and left key issues unresolved.Overall, the announcement sparked debate over whether the U.S.had achieved a diplomatic breakthrough or merely a symbolic and incomplete arrangement.