U.S. President Donald Trump has announced that a deal to end the war with Iran has already been signed, describing the agreement as a major diplomatic breakthrough that could ease tensions across the Middle East and restore stability to global energy markets.
Speaking ahead of the G7 summit, Trump declared that the agreement was “all signed” and said the United States and Iran had reached a framework to halt hostilities and reopen the strategically vital Strait of Hormuz. Reports indicate that Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf digitally signed a memorandum of understanding, with a formal public signing ceremony expected later this week in Switzerland.
The agreement is designed to end months of conflict, reopen critical shipping lanes, and launch further negotiations on key issues, including sanctions, regional security, and Iran’s nuclear program. However, several details remain unresolved, and officials on both sides have acknowledged that additional talks will be required before a comprehensive peace settlement is finalized.
The Strait of Hormuz, through which a significant portion of the world’s oil supply passes, is expected to gradually reopen under the terms of the agreement. Energy markets reacted positively to the news, with oil prices falling as traders anticipated increased global supply and reduced geopolitical risk.
Despite optimism surrounding the announcement, questions remain regarding sanctions relief, implementation timelines, and long-term security guarantees. Some analysts have described the memorandum as an important first step rather than a final peace treaty.