The United States and Iran have agreed on a framework to end nearly four months of conflict, with officials saying the agreement is expected to support the gradual reopening of the Strait of Hormuz and the resumption of shipping traffic through one of the world’s busiest energy routes.
Senior US officials said on Monday (Jun 15th), President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf have already signed a memorandum of understanding. A formal signing ceremony is scheduled to take place on Friday.
Agreement Aims to End Four-Month Conflict
According to US officials, the memorandum outlines terms intended to end the conflict and reopen the Strait of Hormuz, which has faced disruptions during the war. The agreement is being described as a framework that will guide further negotiations between the two countries.
Officials said shipping activity through the strait has already begun to increase and is expected to rise gradually over time, although a return to normal traffic levels may take several weeks.
The announcement brought relief to global markets, which have been affected by concerns over energy supplies and disruptions to international shipping routes.
Key Issues Still Outstanding
Despite the breakthrough, several issues remain unresolved.
Officials said discussions on Iran’s nuclear program have been deferred for future negotiations, while the agreement’s long-term implementation could depend on developments in Lebanon and other regional security concerns.
President Donald Trump said the text of the memorandum would likely be released publicly after the formal signing ceremony.
“I think pretty soon. I would say, I mean, I want it to be released because it’s a very powerful document,” Trump said.
Pakistan’s Foreign Minister said the formal signing ceremony is expected to take place in Geneva, Switzerland.
Last modified: June 15, 2026
