U.S. and Iran Sign Peace Agreement
War began on Feb 28, 2026, with U.S.-Israeli strikes, causing over 3,600 deaths in Iran and 3,700 in Lebanon, closing the Strait of Hormuz and causing energy spikes.
Pakistan Prime Minister Shehbaz Sharif mediated a June 19, 2026, signing ceremony in Switzerland, with pre-implementation discussions planned.
Oil prices dropped after the deal as markets expected resumed energy shipments, while Iran's nuclear program details were deferred to a 60-day negotiation framework.
Israel continued strikes in Beirut, highlighting the fragility of the U.S.-Iran deal as proxy conflicts with Iranian-backed Hezbollah persisted.
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