Emerging
Jun 18, 20261
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Iran and US Sign Peace Deal Ending West Asia Conflict

Iran and the US signed a peace agreement on June 18, 2026, ending a four-month conflict that began with US-Israeli airstrikes on February 28. The war involved heavy missile exchanges, targeted assassinations, and economic blockades, causing global oil price surges. While the deal brings relief, Israel continues its military actions and questions remain about regional stability.





Quick Facts
Who
United States
What
Peace agreement signed ending the Iran-US conflict
When
February 28, 2026
Where
Iran
- Peace agreement signed ending the Iran-US conflict
- Operation Epic Fury airstrikes launched
- Iran retaliated with missiles and drones
- Israel attacked Hezbollah positions
- Iran targeted Gulf energy and shipping
A major conflict between Iran and the United States that rattled West Asia and the global economy has formally ended with a peace agreement signed on June 18, 2026. The deal, preceded by a memorandum of understanding on June 15, was signed online by US President Donald Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf, bringing relief to the region and the world. However, concerns persist about long-term stability, as Israel continues its military operations and insists it is not bound by the ceasefire terms.
The conflict erupted on February 28, 2026, when the US and Israel launched heavy airstrikes under Operation Epic Fury, killing Iran's Supreme Leader Ayatollah Ali Khamenei and other top officials. Iran retaliated on March 1 with missiles and drones targeting Israel and US military bases in Iraq and other Arab nations. The war escalated over weeks, with Israel attacking Hezbollah positions in Lebanon, Iran targeting Gulf energy facilities and shipping, and the UN Security Council passing a resolution on March 11 demanding an end to attacks and safe passage through the Strait of Hormuz.
A temporary two-week ceasefire brokered by Pakistan in Islamabad on April 8 failed after Iran rejected demands to suspend uranium enrichment and lift its blockade of the Strait of Hormuz. The US then fully blocked Iranian ports. A separate Israel-Lebanon ceasefire was reached on April 16 and held until late May. By May 5, heavy airstrikes ended, and the conflict shifted to economic and naval blockades. Following the peace agreement, Iranian leadership transitioned to Khamenei's son, Mojtaba Khamenei, who was elected the new Supreme Leader on March 9. The war disrupted global oil markets, with prices spiking as the Strait of Hormuz was fully blocked in late March.
Why This Matters
The peace deal ends immediate hostilities and reduces risk of broader regional war, but Israel's non-compliance and unresolved issues like Iran's nuclear program and Strait of Hormuz blockade mean energy markets and global supply chains remain vulnerable to future disruptions.
Timeline & Sources
Feb 28, 2026
WireUS and Israel launch Operation Epic Fury airstrikes on Iran, killing Supreme Leader Khamenei and other top officials.
Mar 1, 2026
WireIran retaliates with missiles and drones targeting Israel and US bases in Iraq and Arab nations.
Mar 2, 2026
WireIsrael attacks Hezbollah positions in Lebanon; Hezbollah fires rockets back.
Mar 5, 2026
WireIran attacks Gulf energy facilities and shipping; global condemnation follows.
Mar 9, 2026
WireMojtaba Khamenei elected as new Supreme Leader of Iran.
Mar 11, 2026
WireUN Security Council passes resolution demanding halt to attacks and safe Hormuz passage.
Mar 17, 2026
WireIran's National Security chief Ali Larijani killed in Israeli airstrike.
Mar 25, 2026
WireStrait of Hormuz fully blocked; global oil prices spike.
Apr 8, 2026
WirePakistan brokers temporary two-week ceasefire in Islamabad.
Apr 13, 2026
WireCeasefire fails as Iran rejects uranium enrichment and blockade demands; US blocks Iranian ports.
Apr 16, 2026
WireIsrael-Lebanon temporary ceasefire takes effect (lasts until late May).
May 5, 2026
WireHeavy airstrikes end; conflict shifts to economic and naval blockades.
Jun 15, 2026
WireUS and Iran sign memorandum of understanding online to end war.
Jun 18, 2026
WireFormal peace agreement signed by US President Trump, VP Vance, and Iranian Speaker Ghalibaf.