President Donald Trump said during the G7 summit in Evian, France, that a peace agreement with Iran is scheduled for signing on June 19, 2026 [1].

The deal aims to reopen the Strait of Hormuz and reduce economic and security tensions between the U.S. and Iran. Because the strait is a critical artery for global oil shipments, any change in its accessibility directly impacts international energy markets, and shipping costs.

Trump said he is unsure if he will personally attend the signing ceremony. He said that Vice President JD Vance would be sent to represent the administration instead [1]. The president also said that the Strait of Hormuz is currently partially open [1].

Trump said he plans to publish the official document after it has been formalized [1]. However, reports on the urgency of the timeline vary. While some accounts suggest the signing is imminent, other reports state that Trump is in no rush to finalize the deal and is seeking a favorable arrangement despite the economic impact [2, 3].

Some sources indicate the naval blockade will remain in place until a memorandum is signed [3]. This contradicts the notion of an immediate resolution, suggesting that the June 19 date may be a target rather than a certainty [1, 3].

The discussions in Evian occur as the administration balances the need for regional stability with the desire for a deal that meets specific U.S. demands. The president's willingness to delegate the signing to the vice president suggests a strategic distance from the final proceedings [1].

“The deal aims to reopen the Strait of Hormuz and reduce economic and security tensions.”

The discrepancy between the announced signing date and reports of a lack of urgency suggests a high-stakes negotiation phase. By signaling a deadline while simultaneously stating he is not in a rush, the U.S. administration may be using the G7 platform to pressure Iran into a more favorable agreement before the June 19 target.