US and Iran announce framework peace deal to end war, open Strait of Hormuz

The United States and Iran have reportedly reached a preliminary agreement to end their conflict, which commenced on February 28, 2026, with the formal signing of a Memorandum of Understanding (MoU) expected on June 19 in Switzerland. This development, occurring after over 100 days of hostilities that included US-Israeli airstrikes and Iran's closure of the vital Strait of Hormuz, was mediated by countries like Pakistan and Qatar. The agreement is intended to pave the way for a 60-day period of further negotiations on a comprehensive peace deal, including discussions on Iran's nuclear program.

As part of the interim accord, President Donald Trump confirmed the reopening of the crucial Strait of Hormuz, a key global shipping lane, and the lifting of the US naval blockade on Iranian ports. While this offers relief to the global economy, some maritime organizations still advise caution regarding the immediate full resumption of unrestricted and safe navigation due to lingering uncertainties and ongoing mine clearance operations. International leaders have largely welcomed the diplomatic breakthrough, though Israel has voiced criticism and indicated it will not withdraw its forces from Lebanon despite the ceasefire.