US, Iran have reached peace deal, Trump and mediators say

Arsalan Shahla, Hadriana Lowenkron and Onur Ant, Bloomberg News on Jun 14, 2026

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The U.S. and Iran have reached a peace deal, including the end of military operations, President Donald Trump said.

“The Deal with the Islamic Republic of Iran is now complete,” Trump said in a social media post. “I hereby fully authorize the toll free opening of the Strait of Hormuz and, simultaneously herewith, authorize the immediate removeal of the United States Naval blockade.”

Moments before, Pakistani Prime Minister Shehbaz Sharif said Sunday the U.S. and Iran have reached a peace deal, with both sides declaring the “immediate and permanent termination of military operations.”

Sharif said in a post on X that the deal would be signed in Switzerland on June 19. Sharif said the deal includes the end of military operations in Lebanon, a key sticking point for Iran.

Neither side released a text of the deal but its broad contours had circulated for days: The U.S. and Iran will end their competing blockades of Hormuz, one of the world’s busiest waterways. They agreed not to attack each other and to start negotiations to dismantle Iran’s nuclear program. Iran will get relief from sanctions targeting its overseas oil sales.

While both sides claimed victory, they remain deeply distrustful of each other and grave questions remain about their ability to reach a broader deal. Also unclear is the view from Israel, where Prime Minister Benjamin Netanyahu’s government jeopardized a signing at the last minute with new attacks on Lebanon.