The United States and Iran reached a peace agreement, reopening the Strait of Hormuz.

CoinFeed reported on June 15th that, according to foreign media reports cited by Jinshi, Pakistani Prime Minister Shahbaz announced on Sunday that the United States and Iran have declared an end to hostilities. The two sides are expected to hold a formal signing ceremony in Switzerland this Friday (June 19th), followed by more detailed nuclear negotiations. Shahbaz posted on the X platform: "A peace agreement has been reached between the United States of America and the Islamic Republic of Iran. Both sides have declared an immediate and permanent cessation of military operations on all fronts, including in Lebanon." He added that the agreement "is now in effect." Trump confirmed the news, stating that he is currently lifting the US blockade and expects Iran to open the Strait of Hormuz. Iran has also responded.