Spain welcomes US-Iran agreement, says free and secure navigation through Hormuz is essential

On 15 June 2026, the United States and Iran announced an agreement to end the war, described as a 14-point memorandum of understanding. Reports say it covers the reopening of the Strait of Hormuz, sanctions and a $300 billion rebuild, and an immediate end to military operations. Trump said the deal had been signed, that the text would be released after a Friday ceremony, and that the US blockade of the Strait of Hormuz was being removed. Oil slipped 4%.

The announcement came as Trump headed to the G7 summit in France. Macron called the pact a 'very important step for peace' and said a mission to help reopen Hormuz was 'ready'. EU leaders, Gulf and Arab states, the UN Secretary-General, Spain, India's Prime Minister Modi and Kenya welcomed the deal, and Spain said free and secure navigation through Hormuz is essential. In Israel, Eisenkot and Smotrich joined criticism of the agreement. Trump credited Putin and Xi with helping seal it, and Iran thanked Egypt for its role.