United States and Iran sign memorandum of understanding to reopen Strait of Hormuz
On June 15, 2026, U.S. President Donald Trump, Vice President J.D. Vance, and Iranian Parliamentary Speaker Mohammad Bagher Ghalibaf signed a memorandum of understanding aimed at ending hostilities and reopening the Strait of Hormuz. The official signing ceremony is scheduled for Friday in Switzerland. Trump stated that the strait is partially opening, with safe routes already being used by oil-laden tankers. Iran has reportedly agreed to allow free navigation for 60 days, after which it intends to implement fees for services, a point of contention with the G7 nations. French President Emmanuel Macron expressed support for the deal but opposed the imposition of transit tolls, fearing global price increases. The agreement also includes provisions regarding Lebanon's territorial integrity and the cessation of regional conflicts. However, critical issues, including the timeline for nuclear enrichment suspension and potential sanctions relief, are deferred to future negotiations. Sources note that while the U.S. does not require external military assistance, international presence in the area may be coordinated.