US, Iran Will Sign Peace Deal June 19; Hormuz Reopening, Oil Exports Eyed

The United States and Iran will sign a peace agreement framework on June 19, 2026, in Switzerland, aiming to ease Middle East tensions. Markets are closely watching the potential reopening of the Strait of Hormuz and the resumption of Iranian oil exports. The deal includes a 60-day ceasefire extension for further nuclear program negotiations, expiring around August 18, 2026. Upon signing, Iran will receive $12 billion in unfrozen funds and partial sanction waivers, with an additional $12 billion possible after the 60-day period, totaling $24 billion. Sanctions allowing Iran to resume oil exports could take effect this week. While the U.S. anticipates free passage through Hormuz, Iran may introduce fees for shipping services after 60 days. This 60-day extension addresses complex details of a long-term nuclear accord, with analysts warning of potential market volatility. U.S. President Trump is expected to detail the agreement, possibly at a G7 press conference on June 17, 2026.