Friday Jun 19, 2026
Friday Jun 19, 2026
Friday, 19 June 2026 00:20 - - {{hitsCtrl.values.hits}}
The US and Iran have signed an agreement aimed at ending more than three months of hostilities and creating a framework for a broader settlement, marking a potentially significant de-escalation in one of the world’s most closely watched geopolitical confrontations.
The agreement was signed by US President Donald Trump at the Palace of Versailles in France following the conclusion of the G7 Summit. According to US officials, a copy of the signed document was subsequently transmitted to Tehran, where it was signed by Iranian President Masoud Pezeshkian.
The accord commits both sides to negotiating a final agreement within 60 days and includes provisions intended to ease tensions in energy markets and regional security.
Under the agreement, the US is expected to issue waivers enabling Iran to resume oil exports, while both parties have agreed on measures aimed at reopening the Strait of Hormuz, one of the world’s most strategically important maritime trade routes.
The agreement also envisages the establishment of a $ 300 billion reconstruction fund for Iran involving the US and regional partners.
Financial markets are likely to closely monitor developments surrounding the implementation of the agreement, particularly provisions relating to Iranian oil exports and navigation through the Strait of Hormuz, through which a significant share of global energy supplies passes.
The agreement is also intended to bring an end to hostilities across multiple theatres, including Lebanon, where military activity has continued despite broader diplomatic efforts to contain the conflict.
Trump said a copy of the agreement had also been sent to Israel and reiterated criticism of Israel’s military operations against Hezbollah in Lebanon, suggesting that greater restraint was required.
While significant political and security challenges remain, the agreement represents the most substantial diplomatic breakthrough since the conflict began and could ease pressure on global energy markets and regional trade routes if fully implemented.
