Politics
Trump announces peace deal with Iran, declares Strait of Hormuz will reopen: ‘Let the oil flow!’
JUST IN: Trump announces Iran deal opens Strait of Hormuz, lifts naval blockade
Fox News chief foreign correspondent Trey Yingst covers President Donald Trump’s major announcement of a peace deal with Iran. Trump’s ‘Truth Social’ post details the toll-free opening of the Strait of Hormuz and removal of the U.S. naval blockade, allowing for increased oil flow. The deal aims to bring peace to the Middle East after months of conflict.
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President Donald Trump announced Sunday that the United States and Iran have officially reached a peace agreement, marking a major diplomatic breakthrough that would reopen the Strait of Hormuz and end the U.S. naval blockade of Iranian ports.
“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote in a post on Truth Social.
“Congratulations to all! 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. Ships of the World, start your engines. Let the oil flow!”
Pakistani Prime Minister Shehbaz Sharif, whose country has served as a mediator, was the first to announce the peace deal, saying a signing ceremony is scheduled to take place Friday in Switzerland.
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President Donald Trump speaks in the Oval Office of the White House on June 11, 2026, in Washington, D.C. (Jim Lo Scalzo/EPA/Bloomberg via Getty Images)
Trump added that the Strait of Hormuz will reopen once the parties formally sign the agreement.
“With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!” he said.
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President Donald Trump looks at Pakistan’s Prime Minister Shehbaz Sharif speaking in Egypt in 2025, following the signing of the first phase of the Gaza ceasefire agreement between Israel and Hamas. (Evelyn Hockstein/Reuters)
According to Sharif, the deal includes the termination of military operations across the region, including in Lebanon, where Iran-backed terrorist proxy Hezbollah has been engaged in conflict with Israel.
“Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” he said.
Additional details of the agreement, including any provisions related to Iran’s nuclear program, were not immediately released.
Iran’s deputy foreign minister said talks with the United States on a final and more comprehensive agreement will take place during a 60-day ceasefire period, according to Reuters.
The outlet reported that the future of Iran’s nuclear program will be addressed in upcoming negotiations. Trump has long maintained that Iran cannot be in possession of a nuclear weapon and has repeatedly vowed to prevent Tehran from developing, acquiring or obtaining one.
Trump further praised his administration for securing the agreement.
“This Great Deal will bring Peace and Security to the whole Region,” he said. “Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace.”
Sharif also thanked the United States and Iran for their “commitment to finding a diplomatic solution to the conflict,” as well as Qatar, Saudi Arabia and Turkey for their contributions to the mediation effort.
With the agreement now in place, mediators are expected to facilitate a series of meetings this week that could lay the groundwork for technical negotiations and the official signing ceremony, Sharif said.
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The peace deal would formally end the high-stakes conflict that began on Feb. 28, which disrupted roughly 20% of global oil shipments that pass through the Strait of Hormuz and contributed to higher energy prices worldwide.
It comes roughly one year after Israel initiated massive strikes on Iran during Operation Rising Lion. The strikes sparked a 12-day conflict between the nations before Trump ordered strikes on a trio of nuclear facilities later that same month.
Fox News’ Ashley J. DiMella and Reuters contributed to this report.
Politics
Commentary: Happy Birthday, America! You’ve weathered another rough year
Happy Birthday, America!
You turned 250 on Saturday and, honestly, you don’t look a day over 249. (Ha ha.)
Seriously, it’s perfectly understandable why there’s more gray on your scalp and deeper worry lines on your face. This last year has been another challenging one, to say the least. (And we thought the one cataloged 12 months ago in this space was rough.)
The country is caught up in an unpopular, on-again, off-again war with Iran that was recklessly launched by President Trump with far more swagger than foresight. In an utterly predictable move, Iran choked off the the Strait of Hormuz, a vital passageway for the world’s oil, sending gasoline prices skyrocketing. Though they’ve fallen since the announcement of a shaky ceasefire agreement, the cost of filling up is still significantly higher than a year ago.
Of course, costlier oil means virtually everything else has become more expensive. Trump was reelected in good part because he vowed to tame inflation on his very first day in office. Instead, it’s reached a three-year high.
The ground beef served up at many July 4 cookouts costs 75 cents a pound more than it did a year ago. A package of hamburger buns is up 15 cents. The price of hot dogs and other picnic staples have also increased, along with just about every other item at the grocery store.
Chew that over with your corn on the cob. (Up roughly 2.5% from July 2025.)
Meanwhile, Trump enriched himself to the tune of $2.2 billion during his first year in office alone. Treating the U.S. treasury like his personal cash cow, the president has lavished hundreds of millions of taxpayer dollars on vanity projects such as a personally kitted out Air Force One — a “gift” from Qatar that Trump plans to keep after retirement — and a gilded White House ballroom, rising where the demolished East Wing used to stand. Plans are underway for a grand, marble arch in Washington celebrating, well, you know who.
At the same time, Trump has squandered money and resources pursuing political vendettas, persecution of his enemies and fruitless investigations like the one probing “theft” of the 2020 election and “vandalism” at the algae-clogged Reflecting Pool he promised and failed to rehab.
All this while millions of Americans have lost healthcare coverage and/or federal food assistance, all thanks to the One Big Billionaire Bounty bill that Trump signed into law a year ago.
It’s all a bit unnerving isn’t it, America? You’re on edge in a way you haven’t been in at least a generation.
In Minnesota, in the dead of winter, two of your citizens were gunned down by federal officers as they engaged in that most American of exercises, registering dissent against the policies of their government. From sea to shining sea, innocent Americans have been arrested — and sometimes shipped abroad — and immigrant communities cower in fear of federal agents who often seem bent more on meeting deportation quotas than meting out justice.
You’re divided, America, in ways no one alive has ever seen.
It starts at the very top. Trump acts as though he’s president of a favored rump group — his political supporters — rather than the nation as a whole. He’s used your 250th birthday not to celebrate those many grand and glorious things that hold us together as Americans but to bask in the tanning-bed glow of his immeasurable self-regard.
But, heck, if it’s any consolation on this star-spangled holiday weekend, the country has been through worse. Much worse. And you, America, have not only survived but in many ways grown stronger by surmounting obstacles, facing down your flaws and overcoming some knee-buckling, soul-crushing challenges.
Slavery. Civil war. Racist exclusionary laws. Genocide against indigenous peoples. Two worldwide conflicts. Depression. Financial crises. And too many deadly natural disasters — fire, floods, earthquakes, hurricanes — to enumerate.
Your treatment of some Americans, it should be said, hasn’t always been fair and just. It still isn’t.
People are despairing over the Supreme Court and its genuflecting deference to the president. The justices of its conservative majority have done just about everything short of handing Trump a crown and scepter to reign as a virtually untouchable, imperial president.
But it’s worth noting that earlier court majorities held that Black Americans — “beings of an inferior order,” in the words of the wretched Dred Scott decision — could be denied citizenship, that racial segregation was constitutional and that compulsory sterilization based on eugenics was perfectly fine from a legal standpoint.
That ugly, sordid history won’t necessarily make anyone feel better about the current state of affairs, nor should it. But it does offer some perspective and, with it, hope.
This weekend is best celebrated honoring the country’s many good things and the bright, shining place that America aspires to be, with liberty and justice for all. So chin up! Have another slice of birthday cake, America, and don’t worry about the calories — you really do look terrific for 250!
Going forward it’s up to us, your citizens, to keep working toward that more perfect union mentioned in the preamble to the Constitution. Whatever ails you, America, the remedy resides with we the people and the power we hold, particularly at the ballot box.
Unhappy with the wrecking crew that’s heedlessly chain-sawed federal programs and allowed Trump to money-grub with both fists, defile the White House and undermine our rule of law? Send a message and vote ‘em out, starting in November’s midterm election. And bear in mind the damage that’s been wrought come the 2028 presidential race.
Don’t stop believing that, as dark and difficult as things may seem right now, better days lie ahead.
That undimmed and abiding faith is what makes America great.
Politics
Trump set to deliver ‘historic’ speech celebrating America’s 250th anniversary
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President Donald Trump is set to deliver what the White House is calling a “historic” speech Saturday night before a massive fireworks display celebrating America’s 250th anniversary.
Trump is still expected to take the stage at 10 p.m. at the conclusion of the Salute to America celebration on the National Mall, though timing of events may fluctuate due to adverse weather, per a senior White House official.
The president’s address is expected to look back on America’s history since its founding 250 years ago, a senior White House official told Fox News.
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President Donald Trump speaks during a rally at Mount Rushmore National Memorial on July 3, 2026 in Keystone, South Dakota. (Chip Somodevilla/Getty Images)
Trump will deliver a “unique” speech featuring the stories of American heroes.
“It will be a unique speech unlike any other he’s given before,” the official added.
Earlier Saturday, Trump celebrated what he described as a “stronger than ever” America in a Truth Social post, praising the “incredible” crowds gathered in Washington despite the heat and storms.
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The grand finale lasted over two minutes to cap a 23-minute light and fireworks display over Mount Rushmore after President Donald Trump’s 28-minute speech, brief by his lengthy standards. (Matt Gade)
The president also highlighted the air shows over the nation’s capital, saying the pilots and aircraft were “at a level never seen before.”
Trump also addressed recent vandalism at the Reflecting Pool, calling those responsible “Vandal Thugs” and promising the pool would be drained and repaired after the holiday weekend.
The president’s remarks come one day after he delivered a patriotic speech at Mount Rushmore, where he called the United States the “most exceptional nation ever to exist” and warned that communism posed the nation’s greatest threat.
TRUMP HAILS AMERICA AS ‘MOST EXCEPTIONAL NATION EVER TO EXIST’ IN MOUNT RUSHMORE SPEECH
The U.S. Air Force Thunderbirds perform a flyover during “Salute to America 250” Fourth of July celebrations on the National Mall on July 4, 2026, in Washington, DC. (Finn Gomez/Getty Images)
“Communism is the exact opposite of life, liberty and the pursuit of happiness — it is death, tyranny and the pursuit of evil.
A severe thunderstorm swept through Washington on Saturday evening, prompting emergency officials to urge people on the National Mall to seek shelter.
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Freedom 250, the event organizer, said it would provide updates on the evening’s schedule as weather conditions developed.
Politics
Legal correspondent Paula Reid expected to join MS NOW after CNN departure
As CNN prepares for change under a new owner, the network’s chief legal affairs correspondent, Paula Reid, is heading for the exit and expected to jump to MS NOW.
The Washington-based Reid’s contract with CNN is up in several months and she has told the network she does not plan to renew. She is expected to sign on with CNN competitor MS NOW, according to people familiar with her plans who were not authorized to comment publicly.
A representative for MS NOW said the network does not comment on personnel matters but added, “as everyone in Washington knows, Paula Reid is an exceptional reporter, and any news organization would be fortunate to showcase her journalism.”
Reid‘s planned departure comes ahead of the impending merger of CNN parent Warner Bros. Discovery and Paramount. The combination has led to speculation over who will run CNN, and the uncertainty is said to have played a factor in Reid’s decision.
Reid joined CNN from CBS News in 2021.
CNN and Paramount’s CBS News will be combined after the merger, but the management structure is still under discussion. Paramount put Bari Weiss, founder of the heterodox digital news site the Free Press, in charge of CBS News in October, with a mandate to move the network’s coverage more to the political center. Based on the chaos that has ensued at CBS News under her watch, many CNN insiders are concerned over her possible stewardship of an even larger and more complex organization.
CBS News executives and on-air talent have pushed back at Weiss’ efforts to make changes at the division, which many insiders have viewed as an attempt to placate the Trump White House while Paramount seeks regulatory approvals needed ahead of closing the $111-billion Warner Bros. Discovery deal.
Internal resistance to Weiss has been strongest at the venerable news magazine “60 Minutes.” The program’s star correspondent Scott Pelley was fired last month after he confronted management over the dismissals of executive producer Tanya Simon and his on-air colleagues Sharyn Alfonsi and Cecilia Vega.
Weiss’ overhaul of the “CBS Evening News” with her handpicked anchor Tony Dokoupil has failed to improve the third-place program’s competitive position in the ratings. The program has also been criticized for some of its editorial decisions and logistical snafus.
CNN anchor Anderson Cooper has reportedly told colleagues he does not want to work for Weiss if the cable network is put under her purview. He already rejected an offer from Weiss to anchor the “CBS Evening News” and declined to renew his deal as a “60 Minutes” contributor after nearly two decades with the program.
The chaos at CBS has given pause to people at CNN. Larry Ellison, the tech billionaire and father of Paramount Chief Executive David Ellison, has reportedly promised Trump there will be sweeping changes to CNN after the merger.
Reid, 43, is among the many TV news correspondents and anchors that Trump has disparaged over the years, claiming they are unfair in their coverage. As White House correspondent for CBS News, Reid was known for asking tough questions of Trump during his White House briefings on the coronavirus.
Reid was a lawyer before becoming a journalist at CBS News in 2010. In addition to serving as White House correspondent for the network, she covered the Justice Department and the Supreme Court.
Reid would be another significant hire for MS NOW, the progressive-leaning channel that is rebuilding its roster after separating from NBC News and its parent, Comcast. The network formerly known as MSNBC is now part of Versant, a company with a stable of cable networks spun off by Comcast.
Peter Alexander, former chief White House correspondent for NBC News, is joining MS NOW as a morning anchor later this year. The network also hired former “CBS Mornings” executive producer Shauna Thomas as political director.
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