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Jun 18, 20261
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US and Iran Sign Framework Peace Agreement in France

The United States and Iran have signed a preliminary peace agreement in France during the G7 summit, agreeing to halt military actions and reopen the Strait of Hormuz for free trade. Iran will maintain its nuclear program under IAEA oversight and reduce enriched uranium stockpiles, while the U.S. plans financial support for Iran's economic recovery.
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Quick Facts
Who
United States
What
signed preliminary peace agreement
When
during G7 summit
Where
France
- signed preliminary peace agreement
- halted military actions
- opened Strait of Hormuz for toll-free traffic
- reduced enriched uranium stockpile
- pledged financial support for Iran's reconstruction
The United States and Iran have signed a preliminary peace agreement in France, marking a significant step towards ending hostilities between the two nations. The accord was formalized during a dinner between French President Emmanuel Macron and U.S. officials as part of the G7 summit.
Under the terms of the deal, both sides have agreed to immediately halt military actions. Iran has committed to opening the Strait of Hormuz for toll-free traffic for the next 60 days, a move expected to restore free trade and stabilize global oil markets. The United States has pledged financial support for Iran's post-conflict economic recovery and reconstruction, with a reported plan valued at approximately 28 lakh crore rupees (around $336 billion).
Iran has also agreed to maintain its current nuclear program under international oversight. The country will reduce the enrichment level of its stored uranium stockpile, subject to monitoring by the International Atomic Energy Agency (IAEA). The agreement outlines steps to end the conflict and restore economic cooperation between the two former adversaries.
The framework deal is seen as a breakthrough following months of tensions, though further negotiations are expected to finalize details. The agreement has been welcomed by international observers as a potential path to lasting peace in the region.
Why This Matters
This framework agreement could de-escalate Middle East tensions, stabilize global oil prices through toll-free Strait of Hormuz passages, and create economic opportunities in Iran's reconstruction. Investors and businesses should monitor follow-up talks for concrete implementation details and potential sanctions relief.
Timeline & Sources
Jun 18, 2026
WirePreliminary peace agreement signed between US and Iran in France during G7 summit