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Presenter says president's peace plan easing Strait of Hormuz tensions, lowering oil and gas prices

June 18, 2026 | Department of State, Executive, Federal


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Presenter says president's peace plan easing Strait of Hormuz tensions, lowering oil and gas prices
An unnamed speaker said the president's peace plan in Iran is "already bearing real fruits for the American people," citing increased oil flows and falling fuel prices as immediate signs of progress.

The speaker said "last night, 12.5 million barrels of oil went through the Strait of Hormuz," calling that volume the highest since the start of the conflict. "Oil prices are down nearly at their level from the pre-war conflict," the speaker added, and said "Gas prices drop below $4 a gallon today for the first time since the conflict," predicting prices will continue to fall.

The speaker also described a reduction in hostile activity at sea, saying that "for the second night in a row [the Iranians] did not shoot at any ships in the Strait of Hormuz" and that the transcript named an entity called "Sentincom" as having "allowed north of a dozen ships to go through our naval blockade." The speaker characterized these developments as evidence that both sides "are honoring our end of the early part of the agreement."

On military capability, the speaker asserted that Iran's nuclear program "has been completely destroyed," saying the country’s capacity for enrichment and the facilities it used to develop enrichment and a potential nuclear weapon "are still destroyed." The speaker went on to assert that Iran's conventional military "is still destroyed" and that its capacity to threaten neighbors is "still largely gone." These are presented in the transcript as the speaker's assessments and are not independently verified within the remarks.

The speaker concluded by saying the situation remains contingent: "And now we see whether they are willing to comply with the next step of the president's peace" plan. The remarks as recorded do not include independent evidence or outside verification of the claims about Iran's nuclear and conventional forces.

The transcript does not identify the speaker by name or title; at first reference this report uses the functional label "Presenter" because no name or official role is given in the text.

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