← June 15, 2026 briefing
US and Iran sign peace deal, Strait of Hormuz reopens
World

US and Iran sign peace deal, Strait of Hormuz reopens

The US and Iran have agreed a ceasefire deal, with both governments confirming a formal memorandum will be signed on Friday. The agreement reopens the Strait of Hormuz — the chokepoint through which roughly 20% of global oil flows — and begins a 60-day window for nuclear negotiations. Asian stock markets surged on the news while oil prices fell sharply, with Pakistan's Prime Minister Shahbaz Sharif having brokered the announcement.

MarketUS x Iran permanent peace deal by...?
US x Iran permanent peace deal by June 15, 2026?86% chance
Sources
Pakistan says Iran and US agree deal to open Strait of Hormuz and extend ceasefire

Pakistan says Iran and US agree deal to open Strait of Hormuz and extend ceasefire

Financial Times · Jun 14

What is in the US-Iran deal?

What is in the US-Iran deal?

Financial Times · Jun 14

Strait of Hormuz backlog could take weeks to clear after US-Iran deal

Strait of Hormuz backlog could take weeks to clear after US-Iran deal

Financial Times · Jun 14

Trump settles for a truce of convenience with Iran

Trump settles for a truce of convenience with Iran

Financial Times · Jun 14

Amad scores 90th-minute winner for Ivory Coast

Amad scores 90th-minute winner for Ivory Coast

BBC · Jun 15

US-Iran to sign a ‘peace deal’ on Friday: What we know so far

US-Iran to sign a ‘peace deal’ on Friday: What we know so far

Al Jazeera · Jun 15

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