The US and Iranian officials said they had agreed on a framework to end their war, halt the US blockade of Iran and reopen the Strait of Hormuz.
"The Deal with the Islamic Republic of Iran is now complete," US president Donald Trump wrote on Truth Social.
His post came shortly after Pakistani prime minister Shehbaz Sharif announced a deal had been struck early on Monday local time. The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland.
Trump said the Strait of Hormuz, a major shipping route for global oil and gas supplies that Iran has effectively shut down for months, would open on Friday, and that he had ordered the end of the US blockade of Iranian ports.
"Ships of the World, start your engines. Let the oil flow!" Trump wrote.
Oil prices fell on the news. Brent crude futures fell 4 per cent in early trading on Monday, while US West Texas Intermediate slid more than 4.6 per cent.
The fate of Iran's nuclear program, another thorny issue, will also be addressed in those later talks, sources previously told Reuters.
Read MoreIran captain Mehdi Taremi criticises Fifa over impact of USA war at World Cup 2026
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Key Points
- Trump says 'let the oil flow'
- Oil prices fall to lowest since March as Trump announces peace deal
- Trump calls Netanyahu 'difficult' over mounting Lebanon attacks
- US official denied report Iran will get billions 'up front' under peace agreement: report
- What will happen to Lebanon remains unclear
EU will consider role in Middle East after US-Iran deal, Kallas says
07:16 , James ReynoldsThe EU’s foreign policy chief said on Monday the deal between the US and Iran marks a ‘potential breakthrough’ in the conflict, and the bloc will now consider how it can be involved in the next phase.
Kaja Kallas said in a post on X: “From economic leverage to nuclear expertise and longstanding relationships with Gulf partners, the EU stands ready to contribute to a sustainable resolution.”
Her comments came ahead of a meeting of foreign affairs ministers from the 27 EU member states in Brussels.
European Commission president Ursula von der Leyen said separately that the deal should allow for the ‘immediate reopening’ of the Strait of Hormuz.
“The priority now is its swift and full implementation by all parties,” von der Leyen said about the announced deal.
“Freedom of navigation must be restored toll-free. This is essential for regional stability and the global economy. It opens the door to broader negotiations on peace and security in the Middle East,” she added.
Von der Leyen also said that peace in the Middle East was impossible "while Lebanon is in flames."
UN secretary-general welcomes peace deal
07:00 , Alisha Rahaman SarkarUN secretary-general Antonio Guterres has welcomed the announcement that the US and Iran have agreed on a peace deal that provides for an immediate and permanent ceasefire, the reopening of the Strait of Hormuz, as well as a framework for further negotiations, a spokesperson said.
"This represents a critical step towards the peaceful settlement of the conflict."
What will happen to Lebanon remains unclear
06:50 , Alisha Rahaman SarkarPakistani prime minister Shehbaz Sharif said after the deal had been announced that "both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon".It remains unclear whether Israel agreed to that term. Benjamin Netanyahu is yet to release a statement.
Iran has insisted that any deal must include a ceasefire in Lebanon, where Israel has been fighting the Iranian-backed Hezbollah militant group.
Israeli defence minister Israel Katz warned on Friday that Israel could still act independently toward Iran and that the country would not pull out of the zones it is occupying in Lebanon, Syria and Gaza, nor would it withdraw from the northern refugee camps of the Israeli-occupied West Bank.
Starmer says Strait of Hormuz must stay open
06:45 , Alisha Rahaman SarkarSir Keir Starmer welcomed the US-Iran peace deal as a “hugely important step forward in ending the war” as he stressed that the Strait of Hormuz must remain “fully and permanently open”.
The prime minister congratulated Donald Trump and key mediators on the “breakthrough” after the US president said an agreement “is now complete” and the Strait of Hormuz oil and gas shipping route is to be reopened without tolls.
Sir Keir said in a statement: “I warmly welcome today’s agreement reached between the United States and Iran.“This is a hugely important step forward in ending the war, ensuring regional stability, and re-opening the Strait of Hormuz.”
Australia welcomes US-Iran peace deal
06:40 , Alisha Rahaman SarkarThe Australian government has welcomed the peace deal between the US and Iran and urged both nations to pursue a "durable and lasting peace".
“Continued restraint and constructive engagement will be essential to prevent further escalation and secure a lasting agreement,” prime minister Anthony Albanese said in a statement.
“We are pleased the agreement between the US and Iran includes steps towards reopening the Strait of Hormuz and the restoration of freedom of navigation,” they said.
Minister says Pakistan 'consistently advocated restraint'
06:30 , Alisha Rahaman SarkarPakistani foreign minister Ishaq Dar this morning said the US-Iran deal reflected sustained diplomacy and the choice of dialogue over confrontation.
He said: "Throughout this period, Pakistan remained actively engaged with all concerned parties and consistently advocated restraint and constructive engagement, maintaining that dialogue and diplomacy remain the only viable means for the resolution of all issues."
Dar said Pakistan looked forward to a formal signing on 19 June in Geneva.
Pakistan warmly welcomes the understanding reached between the United States and the Islamic Republic of Iran.
— Ishaq Dar (@MIshaqDar50) June 15, 2026
This significant breakthrough reflects the power of sustained diplomatic engagement and the collective resolve of friendly nations to choose dialogue over…
Asian shares surge and oil prices fall
06:15 , Alisha Rahaman SarkarAsian markets surged today while oil prices tumbled following a tentative peace agreement between the US and Iran.
The deal is expected to alleviate global inflationary pressures and potentially reduce the need for further interest rate hikes by central banks worldwide.
The breakthrough was first announced by Pakistani prime minister Shehbaz Sharif, stating that "a deal had been struck".
More here.
Oil prices tumble and Asian shares surge as US and Iran near deal to end war
Nuclear deal to be finalised within two months of signing peace deal
05:55 , Alisha Rahaman SarkarIranian foreign minister Abbas Araghchi has said that the terms of dealing with Iran's nuclear program will be finalised in the 60 days after the initial agreement is signed.
A senior US administration official said last week that the agreement would begin the process of destroying or removing Tehran's highly enriched uranium.
That's something disputed by Iran, which has insisted it would hold onto its stockpile.
Details of the final peace deal have not been shared by either of the nations.
However, Iran's Mehr news reported that under the framework, Iran would reiterate its commitment under the Nuclear Non-Proliferation Treaty not to pursue nuclear weapons.
G7 leaders to discuss US-Iran deal in France
05:40 , Alisha Rahaman SarkarLeaders of the Group of Seven wealthy nations meet at a French lakeside resort today shortly after the US and Iran said they had reached a preliminary deal to end their war.
Discussing next steps on Iran will be one of several issues the global leaders will wrestle with during the 15-17 June summit, which will also seek common ground on the war in Ukraine, tackling global economic imbalances and sourcing critical minerals outside of the dominant supplier China.
US president Donald Trump is due to arrive in Evian-les-Bains for the gathering at a time when global leaders are increasingly wary of the United States, although French officials were glad to have secured his presence after he left last year's G7 summit in Canada early.
Many G7 leaders have been directly impacted by Trump's volatile moves on the global stage that have upended the Middle East, global trade and diplomacy. His actions have led to larger questions about the US commitment to the post-war global order it helped establish.
What do we know about the Iran-US peace deal
05:28 , Alisha Rahaman SarkarThe U.S. and Iran have agreed to a peace deal, bringing an end to months of fighting that has sparked devastation across the region and upended the global economy since the conflict began in late February, U.S. and Pakistani officials announced on Sunday.
The agreement, brokered after weeks of halting negotiations in Pakistan and then Qatar, will see a permanent ceasefire implemented as well as the reopening of the Strait of Hormuz.
Both sides will now enter talks to iron out the details of the agreement and move forward on longer-term issues, including key questions such as uranium enrichment and sanctions.
More here.
What we know as Trump says peace deal reached with Iran
Trump calls Netanyahu 'difficult'
05:23 , Alisha Rahaman SarkarDonald Trump has yet again criticised Israel's Benjamin Netanyahu for mounting attacks on Lebanon and said that he should be "very thankful" to the US.“He’s a very difficult guy,” Trump said of Netanyahu.
The US president told the New York Times: "And to be honest with you, he should be very thankful to us for doing this. Because if Iran had a nuclear weapon, Israel wouldn’t be around for two hours.”
Trump insisted that it was the threat of further attacks on Iran that made Tehran agree to the deal. “They did not want the third attack,” he said.
“They do care about living.”
“The bottom line is that those attacks that we made had a huge impact on having this deal made, a huge impact.
Ro Khanna says Democrats should back Trump-Iran deal
05:08 , Alisha Rahaman SarkarUS lawmaker Ro Khanna said the Democrats should welcome the peace deal between Donald Trump and Iran as he welcomed the reopening of the Strait of Hormuz."Democrats should support it," he said in a post on X.
"...we can be relieved that gas and food costs will start coming down for Americans. And that no more American or civilian lives will be lost," he added.
The ceasefire agreement with Iran with the opening of the Strait of Hormuz is welcome news. Democrats should support it. I am glad it includes a provision for mutual respect of the US & Iran's sovereignty so we do not launch a dumb war of choice again.
— Ro Khanna (@RoKhanna) June 15, 2026
The war was a costly…
Netanyahu sends birthday message to Trump after jeopardizing Iran peace deal
04:45 , Maryam Zakir-HussainIsrael's prime minister Benjamin Netanyahu has penned a birthday message to President Donald Trump as he turns 80 years old.
“Happy birthday Donald. This year your birthday comes at an auspicious time,” he wrote in a tribute on X, alongside a photo of the two world leaders clasping hands. “America celebrates 250 years of freedom - a great nation built on liberty and faith.”
He continued, “I wish you continued strength and vigor as you lead America towards a bright future of peace through strength, and as we continue to bring the U.S. - Israel alliance to ever greater heights.”
The birthday message came after Netanyahu defied Trump by striking Lebanon while the peace deal was near.
Turkey and Japan welcome US-Iran peace deal
04:40 , Alisha Rahaman SarkarMore countries are welcoming the peace deal between the US and Iran to end their months-long war and reopen the Strait of Hormuz.
Turkish president Recep Tayyip Erdogan welcomed the agreement, calling it an important step toward peace and stability in the Middle East.
"I view the agreement reached between the United States and Iran as an important development for establishing peace and tranquility in our region," Erdogan said in a post on X.
"I emphatically underscore the need to avoid rhetoric, provocations, and actions that could escalate tensions in the period leading up to the signing of the agreement, and to remain vigilant against possible sabotage," he said.
Japanese prime minister Sanae Takaichi said Tokyo had actively pursued diplomatic efforts, saying that the priority was to calm the situation.
She said Japan expected the deal to be steadily implemented, free and safe navigation through the Strait of Hormuz to be secured, and a final agreement on Iran’s nuclear issue to be reached as soon as possible.
Trump says 'let the oil flow'
04:38 , Alisha Rahaman SarkarPresident Donald Trump has announced that the Strait of Hormuz would reopen on Friday once the peace deal with Iran was formally signed by both nations.
"I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade," Trump wrote on Truth Social.
"Ships of the World, start your engines. Let the oil flow!" he added.
Oil prices fall to lowest since March as Trump announces peace deal
04:15 , Alisha Rahaman SarkarOil prices slipped to their lowest since March after US president Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.
Brent crude futures fell $3.58, or 4.10 per cent, to $83.75 a barrel and US West Texas Intermediate was at $80.87, down $4.01, or 4.72 per cent.
Both contracts tumbled more than 3 per cent on Friday.
The world has lost millions of barrels of oil and gas supply since the war closed the Strait of Hormuz, a chokepoint for a fifth of the world's oil and liquefied natural gas supplies, for more than three months.
People wave Iranian flag at demonstration in Tehran
04:10 , Alisha Rahaman Sarkar
Trump lashes out at Netanyahu in angry phone call over Beirut attack
04:00 , Maryam Zakir-HussainDonald Trump reportedly lashed out at Benjamin Netanyahu in an angry phone call following Israel’s attack on Beirut on Sunday.
In a post on Truth Social earlier today, the US president condemned the attack, stating it “should not have happened” so close to a peace deal with Iran.
The US president urged the Israeli prime minister to “not blow it”, as negotiations with Iran enter the final stages.
The chief foreign correspondent for Fox News said in a post on X: “President Trump said he asked Israeli Prime Minister Netanyahu “what the f*** are you doing?” on a call after the Israeli strikes against Beirut.
“He told Netanyahu not to conduct additional strikes. The President told me he will ask Iran not to respond with missile fire toward Israel.”
US official denied report Iran will get billions 'up front' under peace agreement: report
03:43 , Brendan RasciusA U.S. official rebutted an Iranian state media report that Iran will be given billions under the terms of the newly announced peace agreement, according to a new report.
“A senior USG official involved in the process of the [memorandum of understanding] with Iran is denying a report being quoted from Iran media that Iran gets $12 billion up front,” Maggie Haberman, a White House correspondent for The New York Times, wrote on X on Sunday evening.
“The USG official said, as officials in the administration have for weeks, that the agreement is all performance-based,” she added.
Fox News host questions why details of peace deal haven't been made public
03:35 , Brendan RasciusFox News host Mark Levin, a prominent ally and adviser of Trump, expressed frustration about the newly announced peace agreement.
“I have asked for days, why can't we, the people, see the damn [memorandum of understanding]? Not through people briefed by an anonymous person. Honestly, I've never seen anything like this. If it is a great outcome for peace, then release it,” he wrote on X on Sunday evening.
Several other Trump allies, including Senator Lindsey Graham, have telegraphed concern about the deal, which officials say is poised to end months of fighting in the Middle East.
Vance says the agreement could 'fundamentally transform the Middle East for the next 50 years'
03:05 , Brendan RasciusVice President JD Vance said the newly announced peace agreement could “fundamentally transform the Middle East for the next 50 years.”
Speaking to Fox News, he said the deal would ensure that Iran will be barred from obtaining a nuclear weapon. He added that the administration is still determining who will attend the signing event in Switzerland.
“I certainly plan to be there, but it’s possible the president himself could be there,” he said.
Trump announces peace deal with Iran is 'complete'
03:00 , Maryam Zakir-HussainDonald Trump has announced that the peace deal with Iran is now “complete”.
He wrote on Truth Social: “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow! President DONALD J. TRUMP
Trump says the Strait of Hormuz will be 'permanently toll free'
02:36 , Brendan RasciusIn a phone interview with The New York Times on Sunday afternoon, President Trump said the Strait of Hormuz will be “permanently toll free.”
He also stressed that if a final nuclear agreement is not reached, he would renew military strikes on Iran or establish the U.S. as “the guardian of the Middle East” in exchange for one-fifth of the region’s revenue.
UN secretary-general praises agreement between US and Iran
02:10 , Brendan RasciusAntónio Guterres, the secretary-general of the United Nations, congratulated the U.S. and Iran for reaching a peace deal that will establish a permanent ceasefire, reopen the Strait of Hormuz and allow for further negotiations.
“My deep appreciation goes to Pakistan, Qatar, Egypt, Saudi Arabia, Türkiye, and other regional countries, for the constructive role played in supporting the negotiations that led to the peace deal,” Guterres wrote on X on Sunday.
I warmly congratulate the US & Iran for having reached a peace deal that provides for an immediate & permanent ceasefire, the reopening of the Strait of Hormuz, as well as a framework for further negotiations. This represents a critical step towards the peaceful settlement of the…
— António Guterres (@antonioguterres) June 14, 2026
Hegseth insists US had control of Strait of Hormuz all along – despite shipping freeze that has impacted global economy
02:00 , Maryam Zakir-HussainDefense Secretary Pete Hegseth clashed with CBS’s Margaret Brennan on Sunday over whether the U.S. ever established functional military control over the Strait of Hormuz, as the administration once again promised that a peace agreement was hours away from being inked.
For months, the strait’s closure has affected global shipping traffic and put a serious dent in the amount of oil making it to market every month. The resulting fuel price spikes have soared past $4 a gallon across the U.S., but in recent days has begun to decline towards pre-war levels.
Last week, White House officials touted the ability of the U.S. Navy to safely escort ships through the strait, which is often mined by Iranian boats, and protect them from Iran’s aerial drone attacks. Traffic through the strait with naval escorts has now trickled up to about one half of the levels witnessed before hostilities began, providing some relief in the market.
Read more here:
Hegseth insists US controlled Strait of Hormuz all along – despite shipping freeze
Republican senator calls for Trump to be awarded Nobel prize
01:35 , Brendan RasciusA Republican lawmaker called for President Trump to receive the Nobel Peace Prize, following his announcement that a peace deal with Iran had been reached.
“An historic day for the world,” Ohio Senator Bernie Moreno wrote on X. “Let’s get the Nobel Peace Prize ready!”
Top House Democrat slams Trump after peace deal is annouced
01:00 , Brendan RasciusThe top Democrat in the House of Representatives heavily criticized President Donald Trump after he announced a peace deal had been reached with Iran.
“President Obama built a global coalition that constrained Iran’s nuclear ambitions. Donald Trump recklessly ripped that agreement up and took us to war,” House Minority Leader Hakeem Jeffries wrote on X.
“Now gas prices are soaring, Iran is stronger and America is less safe,” he added. “That’s the Trump record.”
Israel's attack on Lebanon cast serious doubt over peace deal
01:00 , Maryam Zakir-HussainEarlier on Sunday, Iranian negotiator Mohammad Baqer Qalibaf said Israel's latest attack on the southern suburbs of Beirut, which Israel said targeted Iranian-backed Hezbollah militants, showed the United States lacks "the will and ability to fulfill your commitments" in a post on X.
Iran's foreign ministry said it held the United States responsible for the attack. Iran warned of a "strong response", and its top joint military command said the "finger (is) on the trigger" ready to fire at the "enemy's heart".
In a post on his Truth Social platform on Sunday, Trump said: "This morning's attack on Beirut should not have happened, particularly on a special day when we are so close to a Peace Deal with Iran." Israel has said it was not party to the planned U.S.-Iran deal. Prime Minister Benjamin Netanyahu has differed with Trump over American demands that Israel curb its military action in Lebanon to allow the United States to reach a deal with Iran.
