US and Iran sign preliminary agreement to end regional conflict
On June 15, 2026, U.S. President Donald Trump announced that the United States and Iran have signed a preliminary agreement to end their ongoing conflict. The document was electronically signed by President Trump, Vice President J.D. Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf. A formal signing ceremony is scheduled for Friday in Geneva, which Vice President Vance is expected to attend. The deal facilitates the immediate reopening of the Strait of Hormuz to shipping, with an initial 60-day ceasefire period intended for further negotiations. While details remain officially undisclosed, reports suggest the potential for a $300 billion reconstruction fund supported by Gulf states and conditions regarding Iran's nuclear program. President Trump denied claims of direct U.S. payments to Iran, labeling such reports as misinformation. The agreement aims to stabilize global energy markets, though international observers, including EU High Representative Kaja Kallas, caution that difficult negotiations remain ahead.