US-Iran Peace Deal Announced: Oil Falls, Markets Rally, Hormuz to Reopen

Google News Top—The United States and Iran agreed to a peace framework ending more than 100 days of fighting, with Pakistan brokering the deal after Field Marshal Asim Munir's visits to Tehran broke the deadlock. The agreement lifts the US naval blockade on the Strait of Hormuz and opens a 60-day window for nuclear and sanctions negotiations, with a formal signing in Geneva on June 19. Oil prices fell sharply — Brent to $84 and WTI to $81 — while Asian tech stocks surged, though economists warned full supply normalization could take months even after the strait reopens. Critics from left and right attacked the deal as key nuclear details remained publicly undisclosed, and mine-clearing in Hormuz is expected to take weeks.

• Google News Top — Defense minister says 'Trump's agreement does not bind us' … Netanyahu on collision course with White House … Israel also struck Lebanon during negotiations, angering Trump
• NPR — US and Iran announce initial deal to end the war and reopen the Strait of Hormuz
• BBC — Even with Hormuz reopening, shipping rerouting and contract disruptions could persist for months.
• The Independent (UK) — Netanyahu says he and Trump don't always agree as Israel warns it will stay in Lebanon
• CBS News — Brent crude sank; stock futures set to soar on Hormuz reopening announcement.
• Politico — White House — Trump says Iran and the US have reached a deal to stop the war
• Financial Times — Markets — Oil falls on US-Iran deal but Hormuz shipping backlog may take weeks to clear
• Financial Times — World — First FT: Iran and US agree Strait of Hormuz deal in major breakthrough
• HuffPost — US News — US and Iran reach deal to end the war and reopen the Strait of Hormuz
• New York Post — World — Israel refuses to leave Lebanon and vows to hit Iran 'with all our might' if attacked
• New York Post — World — Trump announces US-Iran peace deal: when the Strait of Hormuz reopens and what happens next
• NPR — Trump announces Iran deal to end the war, plus how to stay safe in deadly heat
• Yonhap News — US-Iran deal offers relief to South Korean economy but lower energy prices will take time
• Yonhap News — Seoul stocks open sharply higher on news of US-Iran peace deal agreement
• Yonhap News — Seoul stocks open sharply higher as US-Iran peace deal boosts Asian markets
• Yonhap News — Seoul stocks open nearly 5 percent higher on the US-Iran deal news
• Yonhap News — Trump says Iran deal is complete with Strait of Hormuz to reopen upon signing on Friday
• Yonhap News — Trump says Iran deal is 'complete' and authorizes toll-free opening of Strait of Hormuz
• ABC Australia — Analysis: there are indications Trump's Iran deal will only empower Tehran in the long run
• The Straits Times — US-Iran deal is a 'catastrophe' for Israel, analysts say
• The Straits Times — Global shippers remain cautious about Hormuz transit despite the US-Iran peace deal
• The Straits Times — Scouring the Strait of Hormuz for mines could take weeks even after the peace deal
• The Straits Times — Israel says troops will remain in both Lebanon and Gaza despite the US-Iran peace deal
• The Straits Times — What the US-Iran peace deal means for the future of the Strait of Hormuz
• The Straits Times — Trump claims Hormuz will be 'permanently toll free' and threatens attack on Iran if no nuclear deal
• Channel News Asia — Explainer: where the US and Iran agree on the peace deal and what remains unresolved
• Channel News Asia — Energy sector stocks fall as Iran deal lowers the risk of a prolonged Hormuz disruption
• Politico Europe — EU leaders cautiously welcome Iran ceasefire deal while urging swift follow-through
• El País English — US and Iran announce agreement to open the Strait of Hormuz and end the war
• The New Republic — Energy Secretary was caught off guard by Trump's secret Iran war mission and its goals
• The Independent (UK) — Trump claimed the Iran peace deal was complete, but Iran and US officials contradict him
• The Independent (UK) — Analysis argues Trump achieved none of his stated goals in the Iran war
• The Independent (UK) — Iran war cost UK drivers £4 billion in higher fuel prices over the conflict's duration
• The Independent (UK) — Oil prices fall and Asian markets surge as US and Iran near a deal to end the Middle East war
• Daily Mail — Trump declares Iran peace deal complete and authorizes opening of Strait of Hormuz
• Deutsche Welle — Global energy crisis may ease soon if US-Iran deal holds and oil flows resume
• Deutsche Welle — Mines in the Strait of Hormuz pose a significant ongoing threat to oil tanker traffic
• Deutsche Welle — US and Iran announce tentative peace deal including Hormuz access and ceasefire
• Financial Times — Global stocks surge as US-Iran deal triggers biggest market rally of the year
• Financial Times — Iran and US agree to open the Strait of Hormuz and extend the ceasefire deal