European Council President Antonio Costa speaks during an EU meeting as leaders react to the reported US-Iran agreement to end the Middle East conflict and reopen the Strait of Hormuz.
European Council President Antonio Costa has welcomed the agreement between the United States and Iran to end the ongoing conflict in the Middle East, describing it as a significant step toward regional stability and lasting peace.
In a post on X on Monday, Costa expresses optimism that the deal would end the fighting and restore freedom of navigation through the Strait of Hormuz, one of the world’s most important oil transit routes.
“I look forward to an end to this costly war and to the full restoration of freedom of navigation in the Strait of Hormuz,” Costa wrote.
The agreement commits both countries to halt hostilities across several conflict zones, including Lebanon, and reopen the strategic waterway that carries a substantial share of global oil exports.
Signing the agreement
Officials in Washington and Islamabad said negotiators plan to formally sign the agreement in Switzerland on Friday, although they have not released full details of the deal.
The breakthrough follows months of conflict that killed thousands, displaced civilians, and disrupted global energy markets. Analysts believe the agreement could ease tensions, improve regional security, and help stabilize oil prices.
The European Union has pledged support for efforts aimed at securing a durable and lasting peace in the region.
Trump Announces End to Hormuz Restrictions
US President Donald Trump also welcomed the agreement and announced plans to reopen the Strait of Hormuz following the signing.
In a post on Truth Social on Sunday, Trump declares that the United States and Iran had finalized the deal and said he had authorized the immediate removal of the US naval blockade in the area.
“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote.
Trump said commercial vessels would once again enjoy unrestricted passage through the Strait of Hormuz, a development that could reduce concerns over energy supply disruptions and rising oil prices.
World Leaders Monitor Impact on Security
Governments, investors, and financial markets are closely monitoring the agreement because of its potential impact on regional security, maritime trade, and global energy supplies.
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The Strait of Hormuz remains one of the world’s most strategic shipping corridors, handling millions of barrels of oil daily. A sustained reopening could strengthen market confidence and ease pressure on energy-dependent economies.
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