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U.S. Iran Preliminary Peace Accord 2026
June 21 , 2026
16 hrs 0 min
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- The United States and Iran announced a preliminary peace accord to end their military conflict and lift the naval blockade on the Strait of Hormuz and the Gulf of Oman.
- The accord is an emergency MoU that serves as a 60-day de-escalation mechanism and not a final peace treaty.
- It provides for an immediate ceasefire, toll-free international commercial shipping through the Strait of Hormuz, and immediate mine-removal operations.
- The agreement provides for the phased release of 24 billion US dollars of frozen Iranian assets during the 60-day negotiation period.
- The accord is expected to improve global energy security, lower oil prices, and ensure safer passage through the Strait of Hormuz, a key route for India's oil and gas imports.
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