Russia

US and Iran agree on peace deal, signal reopening of Strait of Hormuz: Live updates

RT English · 2026-06-14

AI SUMMARY

• What happened: The US and Iran have reached a memorandum of understanding to end hostilities and reopen the Strait of Hormuz, with a formal signing scheduled for Friday in Geneva. • Why it matters: This agreement could significantly impact global oil markets and regional stability, as the Strait of Hormuz is a vital shipping route. It also opens the door for negotiations regarding Iran's nuclear program. • What to watch next: The formal signing of the memorandum and subsequent negotiations on Iran's nuclear program will be closely monitored, as they could reshape US-Iran relations and influence Middle Eastern geopolitics.

**Title: US and Iran Reach Memorandum of Understanding to End Conflict and Reopen Strait of Hormuz**

In a significant development in international relations, the United States and Iran have announced an agreement on a memorandum of understanding aimed at resolving ongoing conflicts that have escalated since late February. The agreement, which is set to be formally signed on Friday in Geneva, Switzerland, comes in the wake of a joint US-Israeli bombing campaign that began on February 28, leading to Iran's closure of the strategically important Strait of Hormuz to most shipping.

While the specific details of the memorandum have not been publicly disclosed, Iranian officials have indicated that the agreement will focus on two primary objectives: the cessation of hostilities and the reopening of the Strait of Hormuz. Additionally, the two nations will have a 60-day period to negotiate the future of Iran’s nuclear program, a contentious issue that has long been a point of contention in US-Iran relations.

Kazem Gharibabadi, Iran's Deputy Foreign Minister, announced that the conflict would come to an end "permanently and immediately" on all fronts, including in Lebanon, effective Monday. He also stated that the United States would lift its naval blockade of Iranian ports, a move that could significantly alter the economic landscape for Iran, which has faced severe sanctions in recent years.

The announcement of this agreement has been met with cautious optimism in the international community, as the Strait of Hormuz is a critical chokepoint for global oil shipments. The reopening of this waterway could ease tensions in the region and stabilize oil markets that have been affected by the ongoing conflict.

Former President Donald Trump commented on the situation via his social media platform, Truth Social, indicating that he had ordered "the toll-free opening of the Strait of Hormuz" and the cessation of the US naval blockade of Iranian ports. Trump's remarks highlight the shifting dynamics in US-Iran relations and the potential for a new chapter in diplomatic engagement.

As the situation develops, the formal signing of the memorandum in Geneva will be closely watched by global leaders and analysts alike. The outcome of the negotiations regarding Iran's nuclear program will also be a focal point, as it remains a critical issue for both the US and its allies in the region.

The agreement marks a pivotal moment in a long-standing conflict that has seen numerous escalations and diplomatic efforts over the years. With the commitment to end hostilities and engage in dialogue, there is hope that this memorandum could pave the way for a more stable and peaceful relationship between the two nations.

As the deadline for negotiations on the nuclear program approaches, stakeholders will be keen to see how both parties navigate the complexities of their historical grievances and the geopolitical implications of their agreement. The coming days will be crucial in determining the future trajectory of US-Iran relations and the broader stability of the Middle East.

Source: RT English
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