What’s in the US-Iran deal and what happens next

The deal opens the door to reopening the Strait of Hormuz and while it is a step towards stability, there are still some important unknowns.

After months of tension, the United States (US) and Iran have reached a 14-point agreement aimed at de-escalating the conflict that has disrupted the Middle East and global markets since February. US President Donald Trump signed the memorandum of understanding (MoU) at the G7 Summit in France, signalling a potential turning point in the conflict. The deal opens the door to reopening the Strait of Hormuz, one of the world's most critical shipping routes. While the agreement is a step towar...

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Authors: Jon Berry

Published Date: 26 June 2026