The United States and Iran announced overnight (Sunday–Monday) that they had reached an agreement, which is scheduled to be signed on Friday.
“The deal with Iran is complete,” U.S. President Donald Trump wrote on his social media platform, Truth Social. “I hereby authorize the reopening of the Strait of Hormuz, free of tolls, and simultaneously the immediate lifting of the U.S. naval blockade. Ships of the world, start your engines—let the oil flow!”
In a later post, however, Trump clarified that the Strait would reopen on Friday rather than immediately:
“Many presidents tried to achieve peace with Iran, and all of them failed until me. With the reopening of the Strait on Friday, the day the agreement is signed, and after the removal of the mines, oil will once again flow in both directions.”
Pakistan’s Prime Minister, Shehbaz Sharif, wrote on X:
“Following intensive talks, we are pleased to announce that a Peace Deal between the United States of America and the Islamic Republic of Iran has been reached. Both sides have declared an immediate and permanent termination of military operations on all fronts, including Lebanon. The official signing ceremony will take place on Friday, June 19, in Switzerland.
“We would also like to extend our sincere appreciation to our brothers in this mediation effort, the great leadership of Qatar for their support in reaching this agreement. I would especially like to thank the visionary leadership of the Kingdom of Saudi Arabia and Republic of Türkiye for their immense contribution in this regard.
“With the agreement now in place, mediators will facilitate a series of meetings this week. These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.”
Iran’s Deputy Foreign Minister, Majid Takht-Ravanchi, also confirmed the cessation of hostilities, stating that the text of the official memorandum of understanding will be published following the formal signing, while negotiations on a final agreement will continue for 60 days.
Iranian officials told The New York Times that Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi are expected to travel to Switzerland on Friday for the signing ceremony.
The Iranian state-affiliated news outlet Tasnim reported that several amendments were made to the memorandum in recent hours and days, including provisions relating to the administration of the Strait of Hormuz and the “guaranteeing of Lebanon’s sovereignty and territorial integrity.”
According to Tasnim, the Lebanon-related amendment influenced Iran’s decision not to launch an attack on Israel overnight in response to Israeli military strikes in the Dahieh district of Beirut.
The Iranian news agency Mehr reported that, under the agreement, $12 billion in Iranian funds would be unfrozen as early as today. However, a senior Trump administration official denied the claim, telling The New York Times that the funds would be released gradually because “the agreement is based on performance and compliance with commitments.”
Three regional officials told the Associated Press that the emerging deal is expected to include sanctions relief and the release of frozen Iranian assets.
French President Emmanuel Macron welcomed the agreement and said that France would help ensure its implementation. He also called for “the restoration of Lebanon’s territorial integrity under the sovereignty of the government in Beirut.”
Meanwhile, United Kingdom, France, Germany, and Italy jointly announced overnight that they would be prepared to lift sanctions on Iran if it takes steps regarding its nuclear program. The four countries also declared that “Iran must never be allowed to possess a nuclear weapon.”
