Daily brief
The United States and Iran have reached a peace agreement, with multiple reports citing a 14-point deal to end the war and reopen the Strait of Hormuz. President Trump confirmed the agreement and ordered a halt to the US naval blockade, with a signing ceremony scheduled for June 19. World leaders including the UN Secretary-General and Italian Prime Minister Meloni welcomed the deal, while Israel voiced opposition and analysts noted deep mistrust remains. Stock markets rallied and oil prices fell on the announcement.
Spain welcomed the US-Iran agreement, stressing that free and secure navigation through the Strait of Hormuz is essential.
Trump arrived at the G7 summit in Europe touting the Iran deal and signaling he wants to push for an end to the war in Ukraine.
Iran's foreign ministry said deep mistrust in the US remains despite the agreement, while Iran thanked Pakistan and Egypt for their roles in brokering the deal.
The US-Iran deal raised questions over Lebanon's inclusion, with Hezbollah thanking Iran for insisting Lebanon be part of the agreement and Israeli officials vowing to continue military operations in Lebanon, Syria, and Gaza.