US and Iran Reach Framework Agreement to End Hostilities
Washington and Tehran have announced a preliminary agreement designed to put an end to the armed conflict that began in February 2026. This was reported by officials from both countries, as well as the mediator, Pakistani Prime Minister Shehbaz Sharif.
Terms of the Ceasefire
Under the agreement, the parties commit to immediately and permanently ceasing military operations on all fronts, including Lebanon. A key practical step will be the opening of the Strait of Hormuz for the free passage of commercial vessels. Iran commits to demining the waters, while the US will lift its naval blockade of Iranian ports.
US President Donald Trump confirmed the deal on social media, calling it finalized and urging the resumption of oil supplies. The official signing ceremony for the memorandum of understanding is scheduled for Friday, June 19, 2026, in Switzerland (presumably in Geneva).
The Nuclear Issue and Market Reaction
The agreement serves as a framework: detailed negotiations on the most complex issues, primarily Iran’s nuclear program, have been postponed for the next 60 days. Tehran reaffirmed its commitment not to develop or acquire nuclear weapons; however, the full resolution of this topic, as well as issues regarding sanctions and frozen assets, has been delayed for now.
The news has already impacted global markets: oil prices fell following the announcement of the resumption of shipping through the strategically important strait.
The parties emphasize that this is the first significant diplomatic breakthrough since the conflict began. However, experts note that the success of a final settlement will depend on compliance with the terms over the next two months and on the stance of all regional players, including Israel.
