US President Donald Trump announced on June 14 that the US and Iran had reached an agreement to end their conflict, with the official signing set for June 19, according to the Atlantic Council and TMGM. With the words ‘Let the oil flow!’, Trump declared the United States had reached an agreement to end the war with Iran after more than one hundred days and to open the Strait of Hormuz. Shortly after. Iranian officials confirmed that the two sides had finalized a memorandum of understanding (MOU) that would remove the US naval blockade of Iranian ports and extend the current ceasefire.

Key Details of the Memorandum of Understanding

According to the Atlantic Council. The MOU is a fourteen-point plan that codifies the tenuous ceasefires in Iran and Lebanon and outlines areas for future negotiations, but it is expected to temporarily reduce violence, increase maritime traffic, and provide more time for the involved parties to hammer out details. However, the core issues,mechanics of the Strait of Hormuz, Iranian nuclear concessions, and Iranian financial incentives and sanctions relief—are not resolved in this initial agreement and are left for a second phase. Experts warn that there may be a ‘delta’ between the MOU’s aspirations and the content of a final deal.

Immediate Reactions and Market Impacts

TMGM reported that Trump’s announcement led to a drop in oil prices and a surge in Japanese and Korean stock markets — In the early hours of June 15, Iran’s Supreme National Security Council issued a statement formally confirming the ceasefire memorandum of understanding. Pakistani Prime Minister Shehbaz Sharif confirmed on social media that the US and Iran had reached a peace agreement and agreed to immediately and permanently cease all military operations across all fronts, including those in Lebanon. The agreement is expected to stabilize regional tensions and ease concerns about potential disruptions to global oil supplies.

Expert Insights and Future Uncertainties

Experts from the Atlantic Council emphasized that while the MOU is a significant step, the full details remain unclear. The agreement is more spin than substance, and there are three items to watch: 1) what the MOU does, 2) what it aspires to do, and 3) what it needs to do to avoid more conflict. The MOU is likely to reduce violence temporarily but will not resolve the core issues. The second phase. Which is expected to address these issues, is already facing domestic criticism in the United States, Israel, and Iran for its yet-to-be-confirmed contents. As details emerge, more expert analyses are expected to shed light on the implications of the deal and what to expect next.