The United States and Iran have reached a preliminary peace agreement to permanently conclude more than three months of devastating military conflict and reestablish global shipping channels. Mediated primarily by Pakistan and Qatar, the agreement calls for the immediate and permanent cessation of hostilities across all operational theaters. An official, in-person signing ceremony for the finalized memorandum of understanding has been scheduled for Friday, June 19, in Switzerland, according to international mediators and state officials from both participating nations.
President Donald Trump announced that he had authorized the lifting of the U.S. naval blockade and said shipping through the Strait of Hormuz would resume, a development that immediately eased concerns over global energy supplies. Trump said in a statement published Sunday, declaring an end to the American military restrictions imposed on regional trade: “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. Ships of the World, start your engines. Let the oil flow!”
Shehbaz Sharif, Prime Minister of Pakistan, also confirmed in a post on X: “Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon. The official signing ceremony will be on Friday, 19 June in Switzerland. ”
Trump later added on Truth Social: “This Great Deal will bring Peace and Security to the whole Region. Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace. With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!”
While the full terms have not been publicly released, U.S. and Iranian officials confirmed that the framework calls for an immediate ceasefire across all fronts, including Lebanon, and begins a 60-day period of additional negotiations on unresolved issues. According to details described by Iranian officials, the draft memorandum includes a temporary suspension of new U.S. sanctions, limited waivers allowing Iranian oil exports, and the release of billions of dollars in frozen Iranian assets. Tehran also would maintain its current nuclear activities without expanding enrichment or facilities and commit not to pursue nuclear weapons while broader talks continue.
The diplomatic breakthrough came despite tensions caused by Israeli strikes in Lebanon, which drew criticism from both Tehran and Trump. Iranian leaders warned that further military action could threaten the agreement, while U.S. officials emphasized that major questions surrounding Iran’s nuclear program and sanctions relief remain subject to future negotiations. European powers, including Britain, France, Germany and Italy, indicated they are prepared to coordinate with Washington and the International Atomic Energy Agency and potentially ease sanctions if Iran complies with commitments designed to prevent it from obtaining nuclear weapons.
The agreement marks the most significant easing of tensions between Washington and Tehran in years and has prompted cautious reactions from allies and critics. Analysts noted that restoring access through the Strait of Hormuz, one of the world’s most important oil transit routes, could help stabilize global markets. Despite optimism surrounding the accord, officials on both sides acknowledged that its long-term success will depend on negotiations expected to take place over the coming weeks.
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