Iran and the United States sign a ceasefire memorandum as Hormuz traffic ticks up

Iran's foreign ministry spokesperson Esmaeil Baghaei said president Masoud Pezeshkian and president Donald Trump had remotely signed a deal to end the war, extend the ceasefire by 60 days, and reopen the Strait of Hormuz. Trump was reported to have signed during the G7 summit in France, at a dinner with president Emmanuel Macron. American officials released the memorandum.

Pakistani prime minister Shehbaz Sharif postponed a trip to Switzerland after the remote signing and said the memorandum would take effect immediately. He said Iran would reopen the strait at once and the American blockade of ports would end immediately. Vice president JD Vance said ships would be allowed through to Iranian ports and the blockade would be lifted.

Central Command confirmed that the naval blockade on Iranian ports and coastal areas had ended. Iran said it would start charging fees for Hormuz passage at the end of the 60 days in the agreement. During those 60 days, Iran's Persian Gulf Strait Authority said tariffs and insurance would not be collected, but ships should register and file a transit request 48 hours before arrival.

Tracking data cited three Saudi supertankers carrying 6 million barrels moving through the strait. India's Petronet tanker Disha was described as the only known ship to pass in the first hours after the peace announcement. The chief executive of Mitsui O.S.K. Lines, the largest tanker operator, said normal traffic would take weeks to return, and QatarEnergy planned to resume LNG output within two months once the strait was officially open.

Deputy foreign minister Kazem Gharibabadi had confirmed a deal and said the blockade would end beginning the night of June 15. Baghaei later rejected reports that Iran had closed the strait again. Planned talks at the Burgenstock resort in Switzerland were canceled after Vance canceled his trip, even as the signed text was already public.

Israel's leaders separated Lebanon and Gaza from the Iran paper. Prime minister Benjamin Netanyahu and defense minister Israel Katz said Israel would not withdraw troops from Lebanon, Syria, or Gaza. Israel published a map of southern Lebanon it intended to keep occupying, and Netanyahu ruled out a pullout, while the United States said Israel and Hezbollah had agreed a ceasefire after strikes that killed at least 47 people and injured 97.