President Donald Trump announced that a U.S.-Iran peace deal will be signed on Sunday, June 13, 2026 [1].
The agreement is intended to stabilize one of the world's most volatile maritime corridors and prevent a broader regional conflict. By reopening the Strait of Hormuz, the deal aims to secure global oil transit and reduce the risk of renewed war [2, 3].
Trump said the announcement on Saturday, June 12, 2026 [1]. The proposed framework includes addressing long-standing nuclear concerns and establishing a cease-fire for 60 days [3, 5].
Iran's foreign minister said the deal has "never been closer" and noted that the details of the memorandum of understanding will be shared publicly "in due course" [4].
Despite the announcement, some reports indicate friction remains. While U.S. sources suggest the deal is imminent, other reports state that Iran has not finalized the agreement [1, 6]. Additionally, some reports indicate that Iran's Revolutionary Guard has carried out retaliatory strikes targeting U.S. bases [6].
The 80-year-old president is moving to finalize the pact amid these contradictory reports of military escalation and diplomatic progress [7].
“The deal has "never been closer"”
The proposed agreement represents a high-stakes attempt to decouple economic stability from geopolitical rivalry. Reopening the Strait of Hormuz is the critical lever here, as any prolonged closure of the waterway would likely trigger a global energy crisis. However, the gap between the White House's optimism and reports of ongoing retaliatory strikes suggests that the 60-day cease-fire may be a fragile stepping stone rather than a permanent resolution.
