President Donald Trump announced Sunday evening that a peace deal between the United States and Iran had been reached after weeks of intense negotiations. According to the president, the deal will allow for the immediate re-opening of the Strait of Hormuz to commercial shipping, while the U.S. will be lifting its counter-blockade on Iranian oil exports that had been in place since April.
Details of the agreement, which has been described as a memorandum of understanding (MOU), include the immediate and permanent termination of military operations on relevant fronts, reopening of the Strait of Hormuz to international shipping, and provisions addressing Iran’s nuclear program in subsequent phases.
According to several reports in recent days, the framework calls for a 60-day ceasefire period, gradual economic measures such as unfreezing portions of Iranian assets and lifting some restrictions on oil exports, while allowing for complex negotiations on Iran’s nuclear program to take place. Trump emphasized that no immediate monetary transfers would occur, which he contrasted with the Obama Administration’s 2015 Joint Comprehensive Plan of Action (JCPOA).
Iran has committed to not pursuing nuclear weapons through purchase, development, or other means, with arrangements for the removal or destruction of enriched uranium material to be handled later, according to President Trump.
Pakistan’s Prime Minister Shehbaz Sharif stated that both sides had agreed on the final text, with an official signing ceremony planned for June 19 in Switzerland. Mediators indicated that pre-implementation discussions would occur in the coming days.
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” Trump formally announced in a Truth Social post.
“Ships of the World, start your engines. Let the oil flow,” he added.
“The Deal with Islamic Republic of Iran is now complete. Congratulations to all!” President Donald J. Trump
pic.twitter.com/RdSwyEdEtO
— The White House (@WhiteHouse) June 14, 2026
This is a developing story. Additional details will be provided shortly.
