President Donald Trump declared a peace deal with Iran “complete” on June 14, 2026, posting the announcement on Truth Social on what happened to be his 80th birthday. The agreement brings an end to roughly three and a half months of direct US-Iran military conflict, a period that rattled global energy markets, shipping lanes, and investor confidence across every asset class including crypto.
A formal signing ceremony is scheduled for June 19 in Switzerland. Iran’s deputy foreign minister confirmed that the agreement text has been finalized ahead of the ceremony, though Iranian officials have cautioned that some reporting on exact timing and implementation details may be getting ahead of the facts.
What the deal actually does
The US will immediately terminate military operations against Iran and remove its naval blockade on Iranian ports. In return, the Strait of Hormuz will be reopened for toll-free shipping once mine clearance operations are completed.
For context, roughly 20% of the world’s oil passes through the Strait of Hormuz on any given day.
