U.S. and Iran reach agreement to end war, re-open Hormuz Strait
The U.S. and Iran have reached a preliminary agreement to end the war, lift blockades in the Strait of Hormuz and the Gulf of Oman, and launch substantive negotiations on Tehran’s nuclear programme and the Western sanctions, the two countries announced on Monday.The agreement was signed digitally on Sunday, U.S. Vice-President J.D. Vance said, while Iran and Pakistan said an in-person signing ceremony would be held in Geneva, Switzerland, on June 19.
U.S. President Donald Trump said during a media interaction in France, where he arrived on Monday for the G7 meeting, that Mr. Vance will lead the country’s delegation for the signing ceremony.
“The deal with the Islamic Republic of Iran is now complete... I hereby fully authorise the toll-free opening of the Strait of Hormuz, and... authorise the immediate removal of the United States Naval blockade,” Mr. Trump earlier wrote in a social media post. “Ships of the world, start your engines. Let the oil flow!” he added.
Iran’s Supreme National Security Council confirmed that Tehran and Washington had finalised the text of the ‘memorandum of understanding’ on ending the war, while its Foreign Ministry said releasing frozen assets and paying war reparations were “essential” parts of the deal. “The American side has committed to taking measures in both areas,” Foreign Ministry spokesperson Esmaeil Baqaei said at a press briefing on Monday. Tehran would not collect tolls from ships but fees for navigation services and environmental upkeep would be charged, the Ministry added.
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