India, June 17 -- The US is still unrivaled in its ability to project military strength around the world, but Iran's success in blocking the Strait of Hormuz has raised tough question on America's role as protector of global trade.

"Ships of the World, start your engines," US President Donald Trump said while announcing a deal with Iran to end the conflict he launched along with Israel more than four months ago, The online post on Sunday also saw Trump "fully authorize" the toll-free reopening of the Strait of Hormuz. "Let the oil flow!" he added.

The US and Iran are due to sign a memorandum of understanding (MoU) in Geneva later this week. With the details still under wraps, Trump later said Hormuz would "fully reopen" only after the d...