US-Iran WarCeasefire WatchJun 13, 2026, 1:11 AM· #16 of 151 in news politics

US and Iran Near Peace Deal to End 2026 Conflict, Reopen Strait of Hormuz

The United States and Iran are reportedly on the verge of signing a memorandum of understanding to halt the 2026 war. The tentative agreement would extend a ceasefire, reopen the vital Strait of Hormuz, and initiate a 60-day negotiation period regarding Iran's nuclear program.

By Factlen Editorial Team

U.S. Administration 35%Iranian Government 35%International Mediators 15%Global Energy Markets 15%
U.S. Administration
Seeks to permanently dismantle Iran's nuclear weapons capabilities and halt proxy funding.
Iranian Government
Aims to secure the release of frozen assets and lift sanctions while maintaining civilian nuclear rights.
International Mediators
Focused on de-escalating the conflict and establishing a sustainable framework for peace.
Global Energy Markets
Prioritizes the reopening of the Strait of Hormuz to stabilize oil supplies and reduce inflation.

What's not represented

  • · Israeli Government Officials
  • · Gulf State Leaders
  • · Iranian Civilian Opposition

Why this matters

A finalized peace agreement would halt a major conflict that has disrupted global energy markets and threatened to engulf the broader Middle East. Reopening the Strait of Hormuz—a chokepoint for 20% of the world's oil—would stabilize fuel prices and ease global inflation pressures.

Stay informed

Every angle. Every day.

Get news politics stories with full source coverage and perspective breakdowns delivered to your inbox.