The US and Iran reached a deal Sunday to permanently end the conflict that began in late February, with signing set for Friday in Switzerland and 60 days of nuclear talks to follow. Trump simultaneously ordered the US naval blockade lifted and the Strait of Hormuz reopened. Iran may sell oil freely during the window, but Washington lifts sanctions and unfreezes funds only after verifiable steps on the nuclear program. Europe and Japan welcomed the deal and signaled sanctions relief once Iran complies. The pressure formula of blockade plus negotiation pulled Tehran back in four months.
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Blockade for talks
Washington imposed the naval blockade in late February alongside military pressure on nuclear sites. After Sunday's deal, Trump ordered the blockade lifted and Hormuz reopened immediately. Tehran can sell oil freely in the 60-day window, but any sanctions relief is tied to verifiable nuclear-program progress and phased in.
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Verification is the test
The text commits the US, Iran and the IAEA to ensuring Tehran never acquires a weapon. Unfreezing funds and lifting sanctions take effect only once a final deal is verifiably implemented. The 60-day window decides whether the ceasefire becomes a durable arrangement, with the verification mechanism the dividing line.
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Allies and oil markets
European capitals and Japan welcomed the deal, saying they are ready to lift sanctions in response to clear, verifiable Iranian steps. Hormuz carries roughly a fifth of seaborne crude; reopening is expected to ease oil prices and shipping-insurance costs, which markets read as a direct positive for global supply.
The ceasefire is a start; the verification result in 60 days decides the outcome. Markets are already betting on supply returning.
Sources
- ✓ CNN — US and Iran reach agreement that includes opening Strait of Hormuz — 2026-06-14
- ✓ PBS NewsHour — Deal reached to end Iran war and Trump orders stop to US naval blockade — 2026-06-14
- ✓ CNBC — World leaders welcome US-Iran deal as Europe signals sanctions relief — 2026-06-15
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