United States and Iran announce peace framework to end conflict
On June 15, 2026, the United States and Iran announced a peace framework to end their 3.5-month-long conflict. Pakistan's Prime Minister Shehbaz Sharif, along with mediators from Qatar, Saudi Arabia, and Turkey, facilitated the deal, which mandates an immediate and permanent cessation of military operations on all fronts, including Lebanon. The agreement involves the reopening of the Strait of Hormuz and the lifting of U.S. blockades on Iranian ports, leading to a notable drop in global oil prices. Iranian officials confirmed that the memorandum of understanding includes provisions for the release of frozen assets totaling 24 billion dollars. Formal signing is scheduled for June 19 in Switzerland. Both parties have agreed to begin detailed negotiations within 60 days to address permanent solutions, including Iran's nuclear program and the complete lifting of U.S. sanctions. Despite the agreement, U.S. President Donald Trump emphasized that the deal resulted from sustained military and economic pressure and warned that military action could resume if nuclear commitments are not met.