The US-Iran agreement to end hostilities and reopen the Strait of Hormuz is expected to be signed on Friday in Switzerland, officials from both sides said.
Al Jazeera reported that Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed the sides had reached an agreement. Iran’s Supreme National Security Council said the deal includes an immediate suspension of hostilities on all fronts.
Officials have not released the full text. Washington and Tehran have offered different accounts of what comes after the signing ceremony, including when the Strait of Hormuz will reopen and how officials will handle frozen Iranian funds.
Trump said the waterway would reopen “toll-free,” while Iranian media said the draft includes reopening the strait within 30 days under Iranian arrangements. The Strait of Hormuz is a key route for global oil and liquefied natural gas shipments.
Pakistan and Iran said the agreement also covers an end to fighting on all fronts, including Lebanon. Israeli politicians from both the right and the left criticised the agreement, and National Security Minister Itamar Ben Gvir said Israel did not have to follow it.
Pakistan's Prime Minister has just announced in Parliament that PAKISTAN WILL HOST the signing of the Peace Agreement between the United States and Iran on Friday, June 19th. The venue will be Geneva, Switzerland.
The peace agreement also includes Lebanon. pic.twitter.com/xRi6vF4Mnf
— The STRATCOM Bureau (@OSPSF) June 15, 2026European Commission President Ursula von der Leyen welcomed the agreement and said it should allow the immediate reopening of the Strait of Hormuz.
She said governments must restore toll-free freedom of navigation to support regional stability and the global economy.
Read: Iran Frozen Assets Release Put At $12 Billion Before Talks
Officials expect further talks on Iran’s nuclear programme during a 60-day follow-up period. The framework extends a ceasefire by 60 days and leaves nuclear negotiations for that window.
