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UPDATE: US - Iran Reach Ceasefire Agreement
On the evening of June 14, President Trump announced “The Deal with Iran is now complete” – The agreement with Iran has been finalized.
Accordingly:
- The ceasefire has been extended by an additional 60 days
- The Hormuz Strait will be reopened to all ships
- The US will end the naval blockade against Iran
- The official signing ceremony is expected to take place on June 19 in Switzerland
Trump stated this is a major step toward ending the war. However, Israel remains concerned and continues military activities against Hezbollah in Lebanon.
Oil prices dropped sharply after this news. Gold and Silver continue to recover.