A peace deal has been reached to end the ongoing conflict between the United States and Iran. Pakistan Prime Minister Shehbaz Sharif said the agreement would be formally signed in Geneva on June 19th (Friday).
U.S. President Donald Trump confirmed the deal on social media Truth Social, saying the Strait of Hormuz would be kept toll-free for international navigation and that the United States would lift the naval blockade against Iran. He called the resolution an important step towards re-establishing regional stability.
Iran’s Deputy Foreign Minister Kazem Gharibabadi has confirmed the signing of the agreement on state television. Iran’s military and political circles have highlighted the agreement as a diplomatic victory for the country.
The announcement of the agreement was welcomed by the world’s major powers, including the United Nations. UN Secretary-General António Guterres, along with Germany, the United Kingdom, France and Italy have described the peace initiative as a positive step.
Iran has attacked U.S. bases and regional targets in response to attacks by the United States and Israel during the conflict that began on February 28. Strait of Hormuz, one of the world’s most important energy transport routes, was later shut down. The United States imposed a naval blockade on Iranian ports.
With the re-opening of the Strait of Hormuz, global energy supply is likely to be restored. In the meantime, the price of crude oil in the international market has started to fall and relief has returned to investors.
U.S. Vice President JD Vance may attend the signing ceremony in Geneva, according to AFP. President Donald Trump is expected to sign the agreement.