President Donald Trump said a peace deal with Iran would be signed shortly, possibly by Sunday, June 14, 2026 [3].
The agreement aims to halt active fighting and prevent Iran from acquiring a nuclear weapon. It also seeks to reopen the Strait of Hormuz for international shipping, a critical maritime corridor for global energy markets.
Trump made the announcement during the G7 summit on June 13, 2026 [2]. He said that the preliminary peace deal could be signed within days and that the Strait of Hormuz would open shortly after [2].
As part of the diplomatic push, Trump said he canceled planned Iran strikes [4]. The framework for the agreement is based on a memorandum consisting of 14 paragraphs [1].
Financial terms of the arrangement include a $300 billion component [1]. The deal is intended to resolve long-standing hostilities, and establish a new security framework in the region.
"The deal will be signed shortly," Trump said [5]. He said that the announcement of the signing would follow the cancellation of military strikes [4].
“The deal will be signed shortly.”
The proposed agreement represents a significant shift in U.S. foreign policy toward Iran, pivoting from military escalation to a high-value financial and diplomatic settlement. By linking the reopening of the Strait of Hormuz to the deal, the administration is tying regional economic stability directly to Iran's nuclear concessions.
