U.S. President Trump announced on Truth Social on June 14 (Sunday) local time in Washington that the agreement with Iran has been completed. Pakistan, the mediator, confirmed that the agreement will be signed in Switzerland on June 19, with all military actions immediately and permanently halted across all fronts. Trump confirmed that the Strait of Hormuz will reopen on Friday. After the news was released, Bitcoin surged to as high as $65,546.29, with a single-day gain of 1.77%.
Key Terms of the Agreement Confirmed: Statements From both sides by Sharif and Trump
Based on confirmations from Reuters, Axios, and publicly available social media records:
Sharif confirmed the terms: "Both sides have announced the immediate and permanent cessation of all military actions across all fronts, including the front in Lebanon."
Trump confirmed the terms:
· The Strait of Hormuz will reopen on Friday (June 19), after Iran had previously "effectively blocked it for months"
· The U.S. military ends its blockade of Iranian ports
Trump wrote on Truth Social: "To ships of the world—start your engines. Get the oil flowing!"
Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed: More comprehensive talks will continue during the 60-day ceasefire period, including discussions on lifting sanctions and more; the issue of Iran's nuclear program will also be addressed in subsequent negotiations.
Israel's position: Israel has not yet publicly responded to the agreement. Previously, Israel said it did not participate in the U.S.-Iran negotiations agreement.
Near breakdown of the agreement: The confirmation process of Israel bombing Beirut
According to Axios, hours before the scheduled signing, the agreement nearly fell apart: Israel launched an attack on Beirut, and Trump told Axios he was "extremely shocked," and he was furious with Israeli Prime Minister Netanyahu.
Trump said, "This is so bad—I can hardly believe it. Just one hour before we were getting ready to sign the agreement." He also said, "The signing has been delayed by a few hours. It was supposed to be signed now, but now it's going to be in a few hours."
Trump acknowledged that Hezbollah initiated the attack but emphasized that it caused no damage or loss of life, and publicly criticized Netanyahu's decision. Ibrahim Azizi, the chairman of the National Security Committee of the Iranian parliament, wrote on X: "A strong response is coming." Brigadier General Ali Abdollahi, deputy commander of Iran's armed forces, said Iran's forces are ready at any time to strike "directly at the enemy's heart."
In the end, Trump used both private diplomacy and public statements to push the agreement to completion on the same day.
Bitcoin and Oil Price Market Confirmed Data
According to TradingView and market data:
Bitcoin high: $65,546.29 (after the news release)
24-hour gain: +1.77%
Early trading low: briefly fell below $63,400 (during heightened Middle East tensions)
Brent crude: down about 4% at Monday's open
WTI crude: down more than 4.6% at Monday's open
The Strait of Hormuz accounts for about one-fifth of global oil supply. Reuters reported that the reopening of the strait and the U.S.-Iran agreement directly triggered a drop in oil prices.
Frequently Asked Questions
Where and when will the U.S.-Iran agreement be signed?
Based on the confirmation statement by Pakistan's Prime Minister Sharif, the agreement will be officially signed in Switzerland on June 19, 2026 (Friday); Trump also confirmed that the Strait of Hormuz will reopen on June 19. Specific signing details and full terms have not been released yet.
What role does Pakistan play in the U.S.-Iran agreement?
According to reports, Pakistan's Prime Minister Sharif participated as the mediator in the U.S.-Iran negotiations, and announced the news first after the agreement was reached. Sharif confirmed the ceasefire terms and released the signing date and location.
What specific negotiation topics are covered by the 60-day ceasefire window?
According to public remarks by Iran's Deputy Foreign Minister Gharibabadi, the 60-day ceasefire window will be used to discuss a more comprehensive agreement, including lifting sanctions; sources also said the issue of Iran's nuclear program will be addressed in subsequent negotiations. The specific framework has not been published yet.
