President Donald Trump and Iranian officials signed a 14-point peace framework in Washington, D.C., on Wednesday, June 14, 2026, to end their war [1, 2].
The agreement is intended to stabilize global oil markets by reopening the Strait of Hormuz and ending hostilities between Iran and the U.S.-Israel coalition [3, 4].
President Trump said, "The Deal with the Islamic Republic of Iran is now complete" [5]. The multilateral framework establishes a path for the reconstruction of Iran, supported by a plan valued at $300 billion [2].
The conflict lasted between three and a half [5] and four months [4], causing significant disruption to international shipping and energy prices. By signing this deal, both nations have agreed to cease military operations and restore commercial traffic through the strategic waterway [3, 4].
According to the framework, the parties have agreed to defer negotiations regarding Iran's nuclear program to a later date [3, 4]. This decision allows the immediate focus to remain on the cessation of violence, and the implementation of the reconstruction efforts [2].
President Masoud Pezeshkian was among the Iranian officials involved in the signing process in the U.S. capital [1]. The agreement marks a sudden shift in diplomatic relations following months of active warfare [1, 3].
“"The Deal with the Islamic Republic of Iran is now complete."”
This agreement prioritizes immediate economic stabilization and the restoration of global energy supply chains over long-term security guarantees. By decoupling the ceasefire and reconstruction from nuclear negotiations, the U.S. and Iran have opted for a fragile peace to avoid further economic volatility, though the unresolved nuclear issue remains a primary point of future geopolitical tension.
