President Donald Trump announced Monday that a peace deal between the U.S. and Iran is signed [1].
The agreement aims to end hostilities between the two nations and restore stability to one of the world's most critical maritime corridors. This development could significantly lower geopolitical tensions in the Middle East, and stabilize global energy markets.
Trump made the announcement during the G7 summit on June 15, 2026 [1], with French President Emmanuel Macron present [1]. The U.S. president said that the deal is now fully finalized to stop the ongoing conflict.
"The deal is all signed," Trump said [1].
In addition to the diplomatic agreement, Trump addressed the status of the Strait of Hormuz, a narrow waterway essential for oil exports. He said that the strait is partially opened [1], a move intended to allow commercial shipping to resume operations [2].
"The Strait of Hormuz is partially opened," Trump said [1].
Reports regarding the exact timing of the maritime reopening vary. While Trump indicated the strait is currently partially open [1], other reports suggest the opening will occur on Friday, June 19, 2026 [3]. This follows earlier projections from June 13 that suggested a preliminary deal could have been signed by Sunday, June 16, 2026 [4].
Trump emphasized the broader impact of the agreement on international relations. "We have a peace deal with Iran," Trump said [2].
The G7 summit serves as the backdrop for this announcement, signaling a coordinated effort among Western allies to manage the transition toward a peaceful resolution with Tehran.
“"The deal is all signed."”
The formalization of a peace deal and the partial reopening of the Strait of Hormuz represent a significant shift in U.S. foreign policy toward Iran. By prioritizing the resumption of commercial shipping, the administration is addressing a primary economic vulnerability for global oil supplies, potentially reducing the risk of price spikes caused by regional instability.
