President Donald Trump announced that a peace agreement between the U.S. and Iran is scheduled to be signed on Sunday, June 14, 2026 [1].

The deal represents a critical shift in Middle East geopolitics by promising to end the blockade of the Strait of Hormuz. Because the strait is a primary artery for global oil shipments, the reopening of the waterway is expected to stabilize international energy markets and reduce the risk of a wider regional conflict.

Trump said the agreement with Iran is scheduled to be signed Sunday [1]. He said the deal is set to be signed shortly [2] and said the "Hormuz to open to all" [3].

The agreement is designed to end current hostilities between the U.S. and Iran [1, 2]. By restoring free navigation through the Strait of Hormuz, the two nations aim to resolve the maritime standoff that has disrupted global trade [1, 2].

There are some discrepancies regarding the logistics of the event. While some reports indicate the signing will occur this Sunday [1], other sources suggest the deal will be signed in Europe in a few days [4]. The location of the ceremony remains unconfirmed by the White House, though some reports place the venue in Europe [4].

This diplomatic breakthrough follows a period of intense tension and military strikes in the region. The commitment to lift the blockade is the central pillar of the negotiated terms, ensuring that commercial vessels can once again transit the narrow waterway without interference [1, 2].

Agreement with Iran is scheduled to be signed Sunday.

The lifting of the Strait of Hormuz blockade would remove a significant bottleneck in the global oil supply chain. If the deal holds, it signals a move away from maximum pressure tactics toward a negotiated settlement, potentially lowering the immediate threat of direct military confrontation between the U.S. and Iran.