explainer
US President Donald Trump and Iranian leaders announced a deal had been reached to end more than 100 days of war that has killed thousands of people.
Published June 15, 2026
US President Donald Trump and Iran’s Deputy Foreign Minister Kazem Ghalibabadi announced on Sunday that they had reached an initial agreement to end the war and reopen the Strait of Hormuz.
Trump said the deal would allow toll-free navigation through the Strait of Hormuz, which has been largely closed since the United States and Israel launched attacks on Iran on February 28.
“The deal with the Islamic Republic of Iran is complete,” President Trump wrote on Truth Social on Sunday.
The United States and Iran are scheduled to sign a memorandum of understanding in Switzerland on Friday, Pakistan’s prime minister announced, with the country acting as a facilitator.
Monday marks the 108th day since the war between the United States and Israel began due to the attack on Iran. Here’s what’s happening:
What we know about this deal
The terms of the deal remained unclear after weeks of rocky negotiations and President Trump’s regular threats of new hostilities if Iran did not reach a deal. Strait of Hormuz to reopen: Iran’s semi-official Mehr news agency said the draft agreement calls for Iran to reopen the Strait of Hormuz within 30 days. President Trump, who turned 80 on Sunday, said the deal would allow free shipping through the Strait of Hormuz, which has been largely closed since the United States and Israel launched attacks on Iran on Dec. 28. Iran’s enriched uranium: In an interview with the New York Times on Sunday, President Trump said the U.S. government is still negotiating whether Iran will halt enriched uranium for 20 years. President Trump has hinted at the possibility of compromising on a 2015 suspension, but has said through media reports that he has no intention of negotiating. Israel makes no comment: There has been no official comment from Israel on the peace agreement.
in iran
Iran’s Supreme Council for National Security Secretariat announced on Monday that the agreement with the United States includes an immediate cessation of hostilities on all fronts. “Based on the agreement reached, war and military operations on all fronts, including in Lebanon, will end tonight, immediately and permanently, as well as the naval blockade against Iran,” the statement said.
in the US
Democrats slam Trump for war: Democratic lawmakers welcomed the agreement but criticized the Trump administration’s decisions regarding the war. Sen. Chris Coons of Delaware said the deal moves things “in the right direction,” but some questions remain. He warned that competing interpretations of what was agreed could pose risks. Sen. Chris Murphy, a member of the Senate Foreign Relations Committee, said the deal was a “surrender to Iran,” but “the United States should be happy about it because we are getting weaker and weaker every day this insane, illegal war continues.”
in lebanon
President Trump condemns Israel’s attack on Beirut: Israel launched airstrikes on Beirut on Sunday, just before President Trump announced the deal. President Trump accused Israel of delaying signing the deal after launching this attack. President Trump lashed out at Israeli Prime Minister Benjamin Netanyahu in an expletive-filled phone interview with Axios, saying: “I was very angry. I let him know.”
global response
Western leaders praise agreement: British Prime Minister Keir Starmer says he stands ready to support further technical talks between the United States and Iran, adding that he hopes the reopening of the Strait of Hormuz will stabilize energy markets. French President Emmanuel Macron also praised the deal and said Paris would support the Lebanese government. European Union chief Antonio Costa has welcomed the agreement between the United States and Iran to end the Middle East war, adding that the bloc stands ready to contribute to a strategy for “lasting peace.” UN Secretary-General António Guterres said this was an “important step” towards resolving the war in the Middle East.
world economy
Oil prices fall: Crude oil prices fell to their lowest since March on Monday, with global benchmark Brent crude oil futures down $4.08 (4.7%) to $83.25 a barrel by 4:15 a.m. Japan time. US West Texas Intermediate fell $4.35, or 5.1%, to $80.53. Both contracts fell by more than 3% on Friday to their lowest levels since March 10 on Monday. Asian market soars: Japanese market soars more than 5%. In South Korea, it increased by 5.3%. In Taiwan, it rose 2.4%. In Shanghai, prices rose 1.3%. And in Hong Kong, it rose 0.5 percent. Meanwhile, in Indonesia it rose by 2.07%. In the Philippines, it increased by 5.2%.
