US and Iran agree MoU to end war; Trump says Hormuz will reopen

Monday, June 15, 2026Confirmed

World Desk

What we know

The United States and Iran agreed to a memorandum of understanding ending more than 100 days of war, with Pakistani Prime Minister Shehbaz Sharif announcing that both sides had declared an immediate and permanent termination of military operations on all fronts, including Lebanon. U.S. President Donald Trump said Monday the deal was all signed, ordered removal of the U.S. naval blockade of Iranian ports, and said the Strait of Hormuz would open when the initial agreement is formally signed later in the week.

Iran’s deputy foreign minister Kazem Gharibabadi confirmed an immediate end to military operations and said the sides have about 60 days to negotiate a final settlement. Oil prices plunged more than four percent at the Tokyo open Monday as markets priced in a Hormuz reopen; Israeli ministers pushed back on any Lebanon withdrawal while Lebanon’s president welcomed the announcement.

What's confirmed

Sharif (Pakistan): immediate and permanent end to military ops on all fronts including Lebanon (BBC/France 24/Al Jazeera).
Trump Monday: deal all signed; Hormuz to reopen; U.S. naval blockade of Iranian ports to be removed (BBC/ABC/Guardian).
Gharibabadi: Qatar-mediated talks yielded framework; ~60 days for final deal (BBC/Al Jazeera).
Oil fell >4% in Tokyo Monday; UK/France/Germany/Italy ready to lift relevant sanctions for verifiable nuclear steps (France 24/BBC).

What's still developing

Whether Israel’s Lebanon campaign and rejection of withdrawal unravel the all-fronts ceasefire before the Swiss signing.
How much of the 14-point text becomes public before Friday’s ceremony.
Pace of mine-clearing and first commercial Hormuz transit after the formal signing.

Sources

BBC News — US and Iran agree deal to end war as Trump says Strait of Hormuz to reopen link
ABC News — Trump, Iran agree to memorandum of understanding opening Strait of Hormuz link
Al Jazeera — Iran, US agree tentative deal to end war: Your questions answered link
The Guardian — Trump declares US-Iran peace deal all signed as G7 leaders gather in Evian link