US, Iran announce deal to end conflict, reopen Strait of Hormuz

The Report Desk

Published: June 15, 2026, 12:34 PM

US, Iran announce deal to end conflict, reopen Strait of Hormuz

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The United States and Iran have announced a breakthrough agreement aimed at ending months of conflict across the Middle East, raising hopes for regional stability and the reopening of the strategically vital Strait of Hormuz.

Officials from both countries said the deal is expected to be formally signed in Switzerland on Friday. 

If finalized, the agreement could mark a significant step toward ending a conflict that has claimed thousands of lives, disrupted regional security and shaken global energy markets.

US President Donald Trump declared that the agreement had been completed and indicated that the Strait of Hormuz would reopen following the signing ceremony. The waterway is one of the world‍‍`s most important oil shipping routes and plays a critical role in global energy supplies.

Iranian Deputy Foreign Minister Kazem Gharibabadi also welcomed the development, describing it as an immediate end to hostilities between the two countries. 

He said further negotiations would begin within two months in an effort to reach a broader long-term settlement.

Pakistan‍‍`s Prime Minister Shehbaz Sharif later announced that both sides had agreed to permanently halt military operations across all fronts, including Lebanon. 

He also acknowledged the role of Qatar, Saudi Arabia and Turkey in supporting mediation efforts.

Despite the announcement, many aspects of the agreement remain unclear. Neither Washington nor Tehran has released the full details of the proposed arrangement, leaving questions over several contentious issues, including Iran‍‍`s nuclear programme.

Iranian media reported that the understanding includes provisions related to frozen Iranian assets and a future negotiation framework. 

However, US officials have not publicly confirmed those details.

The issue of uranium enrichment remains a key point of discussion. President Trump said negotiations were continuing over the future of Iran‍‍`s enrichment activities, one of the central disputes between the two countries.

The announcement was welcomed by the international community. United Nations Secretary-General António Guterres described the development as an important step toward ending the conflict and reducing tensions in the region.

Several European countries, including Britain, France, Germany and Italy, also expressed support for diplomatic efforts and signaled their willingness to work with all parties to achieve a lasting political solution.

Financial markets reacted positively to the news. 

Oil prices fell sharply amid expectations that the reopening of the Strait of Hormuz would ease concerns over global energy supplies, while major stock indexes in Asia recorded gains.

The agreement follows months of intense diplomacy, military confrontations and repeated threats of escalation. 

Analysts say its success will ultimately depend on the implementation of its terms and whether both sides can reach a broader understanding on unresolved issues, particularly Iran‍‍`s nuclear activities.

If the deal holds, it could represent one of the most significant diplomatic developments in the Middle East in recent years and provide a pathway toward greater regional stability.

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