#TheUS-IranagreementwillopentotheStraitThe dam broke on June 14. After over 100 days of fighting, the US and Iran have officially signed a historic peace deal, reopening the Strait of Hormuz and ending the blockade that paralyzed global energy markets. The official signing is set for June 19 in Switzerland, with Pakistan and Qatar as key mediators.

Here's what you need to know about the 14-point deal and its global impact. 👇

🕊️ The War is Over
The 14-point Memorandum of Understanding brings an "immediate and permanent" end to military operations across all fronts, including Lebanon. Key provisions include the US lifting its naval blockade within 30 days and committing to non-interference in Iran's internal affairs, while Iran reaffirms its commitment to the Nuclear Non-Proliferation Treaty not to produce nuclear weapons.

⛽ The Strait of Hormuz Reopens
President Trump announced the "toll-free" reopening of the Strait of Hormuz upon signing the deal: "Ships of the World, start your engines. Let the oil flow!". This vital chokepoint, through which ~20% of the world's oil normally passes, had been effectively closed since February, sending energy prices soaring.

📉 Oil Prices Plunge, Markets Rally
Oil prices tumbled immediately after the news. Brent crude fell ~4% to ~$84/barrel, while WTI dropped ~4.7% to ~$81/barrel. The national average gas price also dipped to $4.07/gallon. Stock futures rose, with Japan's Nikkei 225 jumping 4.3% and South Korea's Kospi up over 5%, as investors welcomed the prospect of lower energy prices and reduced geopolitical risk.

📜 Inside the 14-Point Peace Deal
The draft agreement includes a wide range of political, economic and security measures aimed at advancing negotiations:

Ceasefire & Hostilities: Permanent and immediate end to the war on all fronts, including Lebanon.

Naval Blockade & Troops: Complete lifting of US naval blockade within 30 days; US commitment to withdraw forces deployed around Iran.

Strait of Hormuz: Reopening within 30 days under Iranian arrangements.

Sanctions Relief: Suspension of restrictions on Iran's oil and petrochemical exports.

Frozen Assets: Release of $24 billion in blocked Iranian funds during the 60-day talks, with half made available before negotiations begin.

Reconstruction Fund: US and its allies to provide at least $300 billion to assist with Iran's reconstruction.

Nuclear Program: 60-day negotiation period for a final agreement on nuclear issues.

Monitoring & Ratification: A monitoring mechanism to oversee implementation, with final ratification through a UN Security Council resolution.