The US and Iran have signed a peace agreement ending a four-month conflict, with the US lifting its naval blockade to reopen the Strait of Hormuz, a critical global oil chokepoint. The deal mandates a 60-day follow-on negotiation on Iran's nuclear program, while immediate hostilities cease on all fronts including Lebanon, marking a significant geopolitical shift in the Middle East.
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- ›Key Waterway: Strait of Hormuz
- ›Deal Signing Date: 19 June 2026
- ›Target this Data: Strait of Hormuz handles ~20% of global oil & gas shipments.
- ›Target this Nodal Body: The 'E4' group (UK, France, Germany, Italy) endorsed the deal.
- ›Target this Legal Point: A naval blockade is an act of war under international law.
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