Iran War Day 108: US and Iran Reach Preliminary Agreement to End Conflict
Theo Al Jazeera
President Donald Trump and Iranian leadership announced a preliminary agreement to end a 108-day war, reopening the Strait of Hormuz and unfreezing $12 billion in Iranian assets. The deal, mediated by Pakistan, will be signed in Switzerland on June 19, but key details such as enrichment suspension duration remain under negotiation.
On June 15, 2026, U.S. President Donald Trump and Iranian Deputy Foreign Minister Kazem Gharibabadi announced that the two sides have reached a preliminary agreement to end the war and resume traffic through the Strait of Hormuz. Trump, who turned 80 on June 14, said the deal allows free passage through the strait, which has been closed since the U.S. and Israel launched strikes on Iran on December 28, 2025.
"The deal with the Islamic Republic of Iran is done," Trump wrote on Truth Social. According to Pakistan's prime minister, who acted as a mediator, the U.S. and Iran will sign a memorandum of understanding in Switzerland on June 19.
June 15 marks 108 days since the conflict began. Here are the key developments:
Terms of the Agreement
Details of the agreement—following weeks of tense negotiations and ultimatums from Trump—have not been fully disclosed.
- Reopening the Strait of Hormuz: Iran's Mehr news agency reported that the draft calls for reopening the strait within 30 days under a mechanism arranged by Iran.
- Unfreezing assets: Mehr reported that the U.S. will unfreeze $12 billion in assets for Iran before formal negotiations begin.
- Iran's uranium enrichment: In an interview with The New York Times, Trump said the U.S. is still negotiating whether Iran will suspend enrichment for 20 years. He suggested he might accept 15 years.
- Israel silent: The Israeli government has not issued an official statement on the peace deal.
Domestic Reactions
Iran
The secretariat of Iran's Supreme National Security Council said on June 15 that the agreement includes an immediate cessation of hostilities on all fronts, including Lebanon, and a full end to the naval blockade of Iran.
United States
Democratic lawmakers welcomed the agreement but criticized the Trump administration's conduct of the war. Senator Chris Coons (Delaware) said the deal moves things "in the right direction" but raised questions about differing interpretations. Senator Chris Murphy (Senate Foreign Relations Committee) called the agreement "a surrender to Iran" but said the U.S. should be relieved because "every day this insane, illegal war continues, we grow weaker."
Lebanon
On June 14, Israel struck Beirut. Trump angrily blamed Israel for delaying the signing of the deal. In an interview with Axios, he used crude language about Israeli Prime Minister Benjamin Netanyahu: "I was very angry. I let him know."
International and Economic Reactions
Global
- UK Prime Minister Keir Starmer said he is ready to support U.S.-Iran technical talks, hoping the reopening of the Strait of Hormuz will stabilize energy markets.
- French President Emmanuel Macron praised the deal and said Paris would support the Lebanese government.
- European Council President Antonio Costa welcomed the agreement and said he is ready to contribute to a "lasting peace" strategy.
- UN Secretary-General Antonio Guterres called it a "significant step" toward resolving the Middle East war.
Economy
- Oil prices fall: Brent crude dropped $4.08 (4.7%) to $83.25 per barrel; WTI fell $4.35 (5.1%) to $80.53 per barrel—the lowest since March 10.
- Asian stocks surge: Japan rose more than 5%; South Korea gained 5.3%; Taiwan added 2.4%; Shanghai climbed 1.3%; Hong Kong edged up 0.5%; Indonesia rose 2.07%; the Philippines jumped 5.2%.
