President Donald Trump and Iranian President Masoud Pezeshkian announced a tentative agreement Thursday to end the Iran-Israel war and reopen the Strait of Hormuz.

The deal seeks to stabilize one of the world's most critical maritime chokepoints and stop a rapid escalation of hostilities between two regional powers. A prolonged closure of the Strait of Hormuz threatens global energy supplies and international trade routes.

The announcement took place at the White House in Washington, D.C., on June 18, 2026. The agreement follows a conflict between Israel and Iran that lasted 12 days [1]. The primary objectives of the deal are to halt the immediate fighting and restore the flow of shipping through the Strait of Hormuz.

Global markets reacted immediately to the news. Oil prices rose more than two percent in early trading after the announcement was made [2]. This volatility reflects the high stakes associated with the security of the Persian Gulf and the potential for a swift resolution to the military standoff.

U.S. officials and the Iranian delegation focused on the necessity of restoring stability to the region. The agreement is currently described as tentative, meaning final terms and implementation steps are still being finalized by the respective governments.

The diplomatic push comes as the international community monitors the fragile ceasefire. The 12-day war [1] had created significant tension across the Middle East, prompting urgent calls for a mediated settlement to prevent a wider regional conflagration.

“President Donald Trump and Iranian President Masoud Pezeshkian announced a tentative agreement Thursday to end the Iran-Israel war.”

The tentative agreement represents a significant diplomatic pivot intended to prevent a global energy crisis. By prioritizing the reopening of the Strait of Hormuz, the U.S. and Iran are addressing the immediate economic risk of the conflict, though the long-term stability of the deal depends on whether the underlying geopolitical tensions between Iran and Israel can be managed beyond the ceasefire.