Iran suspended its delegation and Vance cancelled his Geneva trip, stalling the start of formal US-Iran nuclear and sanctions negotiations.
Browsing: peace deal
The United States and Iran will sign a formal peace agreement in Geneva on June 19, 2026, ending nearly four months of military conflict, with the Strait of Hormuz reopening to all shipping under the deal’s terms.
Mojtaba Khamenei, who became Iran’s supreme leader just three months ago after his father was killed in US airstrikes, now faces the defining decision of signing a peace deal with Washington.
India is cautiously supporting the Iran-US peace process while maintaining a formal diplomatic complaint over the deaths of Indian sailors killed in US airstrikes on tankers near the Strait of Hormuz.
G7 leaders begin gathering in Evian, France for a three-day summit dominated by the Iran peace deal, Ukraine war, and simmering trade tensions with the US.
The draft Islamabad Declaration leaves Iran’s 440 kilograms of enriched uranium untouched at signing, deferring all nuclear questions to sixty days of follow-on talks.
Oil prices fell more than three percent on Friday as growing confidence in an imminent Iran-US peace deal raised expectations that the Strait of Hormuz will reopen soon.