Key facts
- The United States and Iran have finalized a peace agreement.
- A signing ceremony is scheduled for June 19 in Switzerland.
- The deal includes the reopening of the Strait of Hormuz.
- Military operations on all fronts, including Lebanon, will terminate immediately.
- The agreement was brokered by Pakistan.
- Israel states it is not bound by the agreement.
- Lebanon urges displaced residents to stay away from southern areas.
- The deal includes a 60-day negotiation period for sanctions relief and Iran's nuclear program.
- The accord limits Iran's nuclear enrichment.
- Bitcoin rallied to nearly $65,000 following the announcement.
The United States and Iran have reached and finalized a peace agreement to end their conflict, with a signing ceremony scheduled for June 19 in Switzerland. The deal, brokered by Pakistan, includes an immediate termination of military operations on all fronts, including Lebanon, and the reopening of the Strait of Hormuz naval blockade. President Donald Trump announced the agreement, which also includes a 60-day negotiation period for sanctions relief and Iran's nuclear program. The accord limits Iran's nuclear enrichment and hinges on Iran not killing protesters. Bitcoin rallied to nearly $65,000 following the announcement of the provisional agreement to reopen the Strait of Hormuz, ending a war that resulted in thousands of casualties.
However, Israel has stated it is not bound by the agreement and vows to continue military actions in southern Lebanon, testing the new accord. Israel's National Security Minister Itamar Ben Gvir called the deal a "catastrophe" and a strategic setback, stating Israel is not bound by the preliminary 60-day ceasefire. Analysts suggest the deal prioritizes Iranian interests and leaves Israel's security concerns unresolved. Lebanon is urging displaced residents to stay away from southern areas, even as the preliminary US-Iran deal aims to end regional conflict. Lebanon warns displaced not to return home amid the US-Iran deal.
The conflict has resulted in thousands of casualties. The agreement aims to end regional conflict and involves an immediate termination of military operations on all fronts. A key component of the deal is the reopening of the Strait of Hormuz, which had been under a naval blockade. The accord also addresses Iran's nuclear program and sanctions relief.
The signing ceremony is scheduled for June 19. A 60-day negotiation period is set for sanctions relief and Iran's nuclear program. Israel's continued military actions in southern Lebanon are expected to test the new accord.