Story perspectives

Trump-Iran Deal Ends War, Reopens Hormuz Strait, Unlocks $300B

6/18/2026

Center

Trump Ends War

A memorandum between U.S. President Donald Trump and Iran could end the four-month war and reopen the Strait of Hormuz.
The United States and Iran agreed in Geneva, with Friday’s signing set to extend the ceasefire and lift the blockade.
Iran receives a 60-day window to decide its highly enriched uranium fate and accept limits.
It ties sanctions relief and frozen-fund release to compliance and adds a $300 billion reconstruction fund.

Left

Trump Announces Memo

Senate leaders urged President Donald Trump to reveal U.S.–Iran memorandum, warning Israel’s refusal to leave Lebanese territory could jeopardize it.
President Donald Trump and Iran announced a secret interim memorandum, triggering a 5% drop in Brent and WTI crude prices.
A warning said President Donald Trump could “drop bombs on their heads” if memorandum failed.
President Emmanuel Macron said France will launch a mission to keep Strait of Hormuz open.

History

Historical Context

The 1973 oil crisis began when OAPEC imposed an embargo in October 1973 after the Yom Kippur War, driving world oil prices up about 300%—from roughly $3 to $12 per barrel—and crippling economies. That shock taught policymakers that diplomatic oil deals can curb spikes, a lesson echoed today as the United States and Iran negotiate a memorandum to reopen the Strait of Hormuz.

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Trump Ends War

A memorandum between U.S. President Donald Trump and Iran could end the four-month war and reopen the Strait of Hormuz.
The United States and Iran agreed in Geneva, with Friday’s signing set to extend the ceasefire and lift the blockade.
Iran receives a 60-day window to decide its highly enriched uranium fate and accept limits.
It ties sanctions relief and frozen-fund release to compliance and adds a $300 billion reconstruction fund.

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