U.S. President Donald Trump has announced that the agreement with the Iranian regime has been completed. The oil market immediately reacted to the understanding, and prices fell by 4%.
The two countries had been in a state of war or a fragile ceasefire since the joint U.S.-Israeli attacks on Iran on February 28, which resulted in the death of Iranian regime supreme leader Ali Khamenei and a number of other senior commanders.
After weeks of negotiations and military confrontation, U.S. and Iranian regime officials announced that they had agreed on a framework to end the war between the two countries, halt the U.S. naval blockade against Iran, and reopen the Strait of Hormuz. The preliminary agreement led to lower oil prices, but leaves the future of Iran’s nuclear program to subsequent negotiations.
At around 1:00 a.m. on Monday, June 15, Donald Trump wrote on Truth Social:
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!”
He added:”I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!”
U.S. President Donald Trump said in a statement on Sunday evening that the agreement with the Iranian regime had been completed. Meanwhile, the official signing ceremony is scheduled to take place in Switzerland on Friday. In another development, according to market data, Brent crude oil prices fell by about 4% during the early hours of Asian trading.
Mrs. Maryam Rajavi, the President-elect of the National Council of Resistance of Iran (NCRI), said in a message that the Iranian Resistance has sought peace and freedom for the people of Iran for nearly five decades and welcomes this ceasefire.
The Iranian Resistance, which for nearly five decades has sought freedom and peace, welcomes any understanding to end the war and the suffering of the Iranian people. In Iran, no one except the remnants of the mullahs and the Shah has wanted or wants war.
The effort to produce… pic.twitter.com/KAzWfRlbW7
— Maryam Rajavi (@Maryam_Rajavi) June 14, 2026
Pakistan Welcomes the Understanding Between the United States and the Iranian Regime
Following the announcement of the understanding between the United States and the Iranian regime, Pakistani Foreign Minister Mohammad Ishaq Dar described the development as an important step and a sign of the effectiveness of diplomacy.
He also expressed appreciation for the trust placed by the American and Iranian sides in Pakistan’s mediating role and praised the diplomatic efforts of regional countries, including Saudi Arabia, Qatar, Turkey, and Egypt, as well as the United Nations, in facilitating the negotiation process.
Earlier, Pakistani Prime Minister Shehbaz Sharif had announced that the official signing ceremony of the agreement would take place in Switzerland on June 19.
Oil Prices Fall Following the Announcement of the Understanding
Oil prices declined in Asian markets following news that the United States and the Iranian regime had reached a preliminary understanding.
According to trading data, Brent crude oil fell by about 4% to $83.88 per barrel. U.S. crude oil also declined by 4.6% to $80.96 per barrel.
Energy market analysts believe that the price decline is driven by reduced concerns over disruptions to oil exports and maritime transportation in the region. However, uncertainty regarding the implementation timeline of the agreement, the full reopening of shipping routes, and the outcome of future negotiations remain factors influencing market trends.
