The US and Iran are on the verge of signing a peace agreement that would immediately lift sanctions on Iranian oil exports, potentially flooding global markets with crude and opening the door to hundreds of billions in energy investment. The signing is expected around June 19, 2026, in Switzerland.
What the deal actually includes
The agreement, facilitated by the Trump administration, would permit Iran to export crude oil, petrochemicals, and derivatives immediately upon signing. The US Treasury plans to issue waivers covering not just oil shipments but the entire supporting ecosystem: banking, insurance, and transportation.
At pre-conflict production levels and current pricing, Iran’s oil revenues could exceed $60 billion annually. A proposed $300 billion development fund would target energy and infrastructure projects inside Iran, financed through private sector investment, meaning US and international firms would be invited to participate in rebuilding and expanding Iran’s oil fields and export infrastructure.
Earlier in 2026, tensions escalated to the point of a US naval blockade of the Strait of Hormuz, one of the most critical oil transit chokepoints on earth.
