U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed a 14-point memorandum of understanding to end the Gulf war on June 13, 2026 [1].
The agreement is critical because it seeks to restore shipping through the Strait of Hormuz, a vital artery for global energy supplies. By halting hostilities, the deal aims to stabilize volatile regional oil markets and prevent further escalation in West Asia.
The memorandum consists of 14 specific points [2]. These provisions include a framework to reopen the Strait of Hormuz, and a plan to provide sanctions relief to the Iranian government [1]. The document also outlines reconstruction plans for areas affected by the conflict [1].
Officials said the deal is intended to stop the ongoing hostilities in the Gulf. The agreement follows a period of intense regional instability and military tension. The primary goal of the MOU is to ensure the free flow of maritime traffic, and reduce the risk of a wider war [1].
While the announcement was made on Sunday, the signing occurred earlier this week [3]. The deal represents a significant shift in diplomatic relations between the U.S. and Iran, moving from confrontation toward a structured peace process [1].
“U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed a 14-point memorandum of understanding to end the Gulf war.”
The reopening of the Strait of Hormuz is the most immediate economic implication of this deal, as any prolonged closure threatens global oil prices. By combining sanctions relief with a 14-point peace framework, the U.S. and Iran are attempting to replace military deterrence with economic incentives to ensure regional stability.
