On 15 June 2026, the United States and Iran reached a landmark peace agreement aimed at ending military hostilities and restoring stability in the region. As part of the deal, both countries agreed to an immediate ceasefire and the reopening of the strategically important Strait of Hormuz, one of the world’s busiest oil shipping routes.
The agreement includes the removal of the U.S. naval blockade and authorization for toll-free commercial shipping through the strait. The formal signing of the agreement is scheduled to take place in Switzerland on 19 June 2026.
The breakthrough was supported by mediation efforts involving Pakistan, Saudi Arabia, Qatar, and Türkiye. The United Nations welcomed the agreement, describing it as an important step toward regional peace and stability.
