The United States and Iran have signed a peace deal at the G7 summit in France, agreeing to limit nuclear weapons, end the naval blockade that choked one of the world’s most critical shipping lanes, and reopen the Strait of Hormuz to international traffic.
The agreement, finalized around June 17-18, 2026, represents the most significant diplomatic breakthrough between Washington and Tehran in decades.
What the deal covers
The core of the agreement rests on three pillars: restrictions on Iran’s nuclear activities, cessation of military operations by both sides, and the reopening of trade routes through the Strait of Hormuz.
The Strait of Hormuz is the narrow waterway between Iran and Oman through which roughly a fifth of the world’s oil supply passes daily. The US imposed a naval blockade on Iran starting April 13, 2026, effectively strangling that flow.
