US President Donald Trump announced on Monday, June 15 (Indian Standard Time) that a peace agreement with Iran is “complete,” signaling an end to the conflict that began in late February and pushed global markets higher. In posts on his platform, Trump said he authorized reopening the Strait of Hormuz and ordered the immediate removal of the U.S. naval blockade, effectively clearing the way for commercial shipping to resume.
Pakistan Prime Minister Shehbaz Sharif posted on X that the pact followed “intensive talks” and that both sides have agreed to an immediate and permanent cessation of military operations on all fronts, including Lebanon. Sharif said an official signing ceremony is scheduled in Switzerland on Friday, June 19; Trump also referenced the planned signing in his social post. An official confirmation from Iran was not immediately available.
Market reaction was swift. U.S. stock futures jumped—Dow futures rose by roughly 350 points and Nasdaq futures climbed about 450 points—after the announcement. Crude oil prices fell nearly 5% as concerns about Middle East supply risk eased. Precious metals such as gold and silver traded higher, gaining roughly 2 to 3%. The U.S. dollar index hovered around 99.5, and the 10-year Treasury yield was near 4.5%.
Background: The hostilities involving the U.S., Iran and allied groups, with Israel carrying out strikes in Lebanon, began in late February and led to a ceasefire on April 8. Despite that truce, sporadic exchanges continued and at times threatened to unravel the negotiating process. Israel launched strikes in Lebanon after reporting drone incursions attributed to Hezbollah, contributing to renewed tensions in the days before the announced agreement.
What happens next: Officials say a formal signing in Switzerland on June 19 will ratify the terms; until Iran issues its own statement, details and implementation timelines remain subject to confirmation. If fully enacted, the agreement would remove the naval blockade, reopen a critical shipping lane, and aim to bring a broader and more durable calm to the region while easing energy market pressures.
First published: Jun 15, 2026 4:21 AM IST