President Donald Trump announced Monday that the U.S. and Iran have reached a tentative peace deal to end the naval blockade [1].
The agreement is critical because it aims to restore free navigation through the Strait of Hormuz, one of the world's most strategic maritime chokepoints for global energy and trade [2].
According to the announcement, the two nations have agreed to a memorandum of understanding. The deal focuses on de-escalating the ongoing conflict and reopening the strait to international shipping [1].
"We have reached a tentative peace deal," Trump said [1].
The memorandum is scheduled to be signed in Switzerland [1]. While some reports indicated the signing would occur on Sunday, Reuters reports the signing is scheduled for Friday, June 15, 2026 [1].
Trump confirmed that the agreement specifically addresses the maritime restrictions currently in place. "The Hormuz blockade will be lifted," Trump said [3].
Iranian officials have also signaled the start of the agreement's implementation. "The commitments take effect starting Friday," Iran's deputy foreign minister said [2].
The move comes after a period of intense naval tension and blockade measures that have disrupted regional stability. By signing the memorandum in Switzerland, the two parties are utilizing a neutral venue to formalize the cessation of hostilities in the strait [1].
“"We have reached a tentative peace deal,"”
The reopening of the Strait of Hormuz represents a significant shift in geopolitical tensions between Washington and Tehran. By lifting the naval blockade, the deal reduces the risk of a direct military confrontation and stabilizes global oil markets, which are highly sensitive to disruptions in this specific corridor.
