US and Iran Announce Peace Deal, Reopening Strait of Hormuz After 100 Days of Conflict

The United States and Iran have announced a landmark peace agreement, officially ending more than 100 days of armed conflict that had destabilized global energy markets and heightened tensions in the Middle East. The pact, revealed on Sunday, June 14, 2026, crucially includes provisions for the immediate reopening of the Strait of Hormuz, a vital chokepoint for global oil transport, and the lifting of maritime blockades that had severely impacted regional trade. This unexpected diplomatic breakthrough follows weeks of discreet negotiations, facilitated by Pakistan, which acted as a mediator between Washington and Tehran. A formal signing of a memorandum of understanding is slated for June 19 in Switzerland. The conflict, which began on February 28, had significant geopolitical, economic, and military repercussions. A key consequence was the death of Iran's supreme leader, Ayatollah Ali Khamenei, leading to the succession of Mojtaba Khamenei. Iran had responded to the initial offensive, which involved the U.S. and Israel, with retaliatory attacks and the closure of the Strait of Hormuz. U.S. President Donald Trump confirmed the agreement via his social media platform, Truth Social, celebrating the announcement on his 80th birthday and emphasizing the immediate reopening of the vital waterway. The resolution of this conflict is expected to stabilize global oil supplies and international energy prices.