The United States and Iran have reached a peace agreement to end hostilities. The two sides are set to sign the agreement on June 19 in Switzerland, which includes the reopening of the Hormuz Strait and the lifting of the U.S. maritime blockade against Iran.
On June 15, local time, Pakistani Prime Minister Shahbaz Sharif announced via X (formerly Twitter) that the two countries had finalized the peace agreement. He stated, "We have decided to immediately and permanently cease military operations across all relevant fronts, including Lebanon."
U.S. President Donald Trump also confirmed the agreement, writing on his social media platform Truth Social, "The agreement with the Islamic Republic of Iran is now complete." He added that the reopening of the Hormuz Strait and the lifting of the maritime blockade against Iran had been approved.
Trump explained that once the agreement is signed on June 19, procedures for mine removal will commence, allowing for the resumption of shipping through the Hormuz Strait, which is a critical route for global oil transport. Concerns over shipping restrictions and blockades have previously contributed to instability in international oil prices and shipping markets.
Iran has also formalized the peace process. Kazem Gharibabadi, Iran's Deputy Foreign Minister, stated on state television that the draft of the Memorandum of Understanding (MOU) has been finalized and that Iran will begin fulfilling its obligations starting from the official signing date of June 19. He warned that Iran would take its own measures if the other party violates the terms.
The agreement was reached with mediation from Pakistan and Qatar. According to the Associated Press, a Qatari delegation negotiated for over 14 hours in Tehran to finalize the draft.
However, issues regarding Iran's nuclear program and the lifting of sanctions were not resolved in this MOU. The two sides plan to engage in follow-up negotiations for 60 days after the signing to discuss the limitations on nuclear activities and the scope of sanctions relief.
The situation in Lebanon remains a variable in the initial implementation process. Israel is not a direct party to the U.S.-Iran agreement, but Iran has demanded a halt to military operations in the region, including Lebanon. Consequently, any further military actions by Israel could be a significant factor in the agreement's implementation.
* This article has been translated by AI.
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