U.S.-Iran 60-Day Ceasefire Signed, Reopens Strait of Hormuz but Keeps Sanctions in Place
A 60-day ceasefire framework signed by both sides will reopen the Strait of Hormuz. The deal is scheduled for formal signing in Switzerland on June 19, 2026.
etftrends.com-Iran ceasefire framework has been signed by both parties and will reopen the Strait of Hormuz. The framework is scheduled to be formally signed in Switzerland on Friday, June 19, 2026. The first LNG tanker cleared Hormuz after the announcement.
European gas prices tumbled 6 percent on the deal. Iranian media and officials claim the framework provides access to $24 billion in frozen Iranian assets during the 60-day period, with $12 billion available before negotiations begin. ” Vance acknowledged that discussions about frozen assets remained possible.
President Trump stated on Monday afternoon ET that any future easing of sanctions would be tied to Iranian behavior and compliance rather than granted immediately as part of the MoU. ” The nuclear weapons issue remains open on the negotiating table. com reported that the framework is a temporary arrangement that both sides are using to get oil flowing through Hormuz.
