President Donald Trump delivered his biggest diplomatic achievement of his second term Sunday when he announced a peace agreement with Iran that ends months of armed conflict, reopens the Strait of Hormuz, and lifts the U.S. naval blockade.
“The Deal with the Islamic Republic of Iran is now complete,” Trump announced Sunday evening on Truth Social. “Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade.”
“Ships of the World, start your engines. Let the oil flow!”
Pakistani Prime Minister Shehbaz Sharif announced the breakthrough simultaneously from Islamabad, confirming his nation’s central role as mediator alongside Qatar.
“Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED,” Sharif said. “Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.”
The formal signing ceremony is scheduled for Friday, June 19, in Geneva, Switzerland. Vice President JD Vance told Fox News he will travel to Switzerland to sign the agreement, and said Trump may attend in person as well.
The deal caps a war that began February 28, 2026, when Trump authorized massive joint U.S.-Israeli strikes targeting Iranian military, government, and infrastructure sites. The conflict killed more than 7,500 people, most in Lebanon and Iran, and sent oil prices soaring to a May peak of $126 per barrel.
Initial peace talks in Pakistan in April collapsed. A ceasefire had been held through weeks of sporadic exchanges before tonight’s breakthrough.
The framework agreed to is a memorandum of understanding, covering:
- An immediate and permanent ceasefire across all fronts, including the Lebanon-Hezbollah conflict.
- The U.S. naval blockade lifted within 30 days.
- The Strait of Hormuz reopened toll-free to international shipping, with mine removal operations beginning immediately.
- A 60-day negotiation period to follow, covering Iran’s nuclear program and other outstanding issues.
One significant dispute emerged even as celebrations were underway. Iran’s state-affiliated Mehr News claimed Tehran would receive $24 billion in frozen assets during the 60-day negotiating period, with $12 billion released upfront before negotiations begin. A senior U.S. official flatly rejected that report.
“This is completely not true,” the official said. “This is a pay-for-performance deal and no frozen funds will be released without the Iranians implementing their commitments.”
The deal is not yet signed. Between now and Friday’s Geneva ceremony, Iran must begin implementing commitments, mines in the Strait of Hormuz must begin to be cleared, and the Israeli-Lebanon question must somehow be resolved. But for the first time since February 28, the guns are officially silent.