US and Iran reach preliminary peace agreement to end hostilities
The United States and Iran have reached a preliminary agreement to cease hostilities across all fronts, including Lebanon, with the support of Pakistan as a mediator. A formal memorandum of understanding is scheduled to be signed in Switzerland on Friday, June 19, 2026. The agreement mandates the immediate reopening of the Strait of Hormuz for commercial shipping and the progressive lifting of the U.S. naval blockade on Iranian ports, a process expected to conclude within 30 days. Iran has reportedly included a clause asserting sovereignty over maritime services in the Strait in coordination with Oman, with plans to potentially impose service fees after an initial 60-day free passage period. During the next 60 days, both nations are committed to negotiating critical issues, including Iran's nuclear program and the status of U.S. sanctions. French President Emmanuel Macron confirmed that G7 nations are organizing a naval protection mission for the Strait, while the International Maritime Organization welcomed the move as a return to regional stability. U.S. officials, including President Donald Trump and Vice President J.D. Vance, maintain that the deal ensures verification of Iran's nuclear activities and prevents military use of enriched uranium.