Trump Announces Truce; Tehran Agrees to Safe Transit Through Strait of Hormuz

President Trump announced a formal truce with Iran on April 8, 2026, with Tehran simultaneously agreeing to permit safe transit through the Strait of Hormuz — a critical global shipping chokepoint through which roughly 20% of the world's oil supply passes. Iran's agreement to guarantee safe Hormuz transit marks one of the most economically significant concessions of the ceasefire arrangement, directly addressing the energy market disruption that has persisted since Iranian naval and IRGC forces imposed de facto restrictions on commercial shipping following the outbreak of hostilities. The truce announcement, reported via Al Jazeera's live coverage, represents the formal diplomatic capstone to the two-week ceasefire framework and signals that both parties have agreed on at least one concrete, verifiable commitment: freedom of navigation through the strait. The broader peace framework remains under negotiation.