FEATURED · BUSINESS Iran and US sign peace deal, Strait of Hormuz to immediately reopen: Pakistan
June 18, 2026 1 min read 2
BUSINESS

Iran and US sign peace deal, Strait of Hormuz to immediately reopen: Pakistan

Source: SCMP — China Business

PUBLISHED
June 18, 2026
CATEGORY
SC
SCMP — China Business
eChina Team
1

Prime Minister Shehbaz Sharif makes the announcement, as both sides release photos of the memorandum of understanding being signed Iran and the US have signed a peace deal that will take immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade, Pakistan’s Prime Minister Shehbaz Sharif announced. “The Memorandum has been signed by honourable Presidents of both the countries and also endorsed by me as the mediator,” he wrote. “The signing of this agreement at the highest level of the respective governments demonstrates the commitment of both sides to a diplomatic resolution of the conflict.” According to an outline of the agreement released by the US on Wednesday, the two sides will continue negotiations to achieve the final deal in a maximum of 60 days – extendable with mutual consent.

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