US-Iran peace agreement announced; Strait of Hormuz to reopen on toll-free basis

STC NEWS MONITORING DESK
JUNE 15 (STC): The United States and Iran have agreed to a historic peace agreement. Announced on 14 June, the deal ends a nearly four-month war. The official signing ceremony is scheduled for 19 June in Switzerland, reports a cross section of media.
The US-Iran peace deal includes the reopening of the Strait of Hormuz on a toll-free basis and the immediate lifting of the US naval blockade on Iranian ports.
The Strait of Hormuz is a critical waterway through which a significant portion of the world’s oil supply is transported, making its reopening vital for global energy security and economic stability.
The peace agreement establishes a 60-day technical negotiation window during which discussions will commence on Iran’s nuclear program, sanctions relief, and war reconstruction.
World leaders, including those from Germany, France, the UK, and Qatar, have welcomed the deal as a significant diplomatic breakthrough aimed at achieving regional peace and stability.
India has welcomed the ceasefire agreement reached between the United States and Iran. External Affairs Ministry Spokesperson Randhir Jaiswal addressed an inter-ministerial briefing in New Delhi. He expressed hope that the ceasefire would lead to lasting peace in the region.
India also hopes for unimpeded freedom of navigation through the Strait of Hormuz. India welcomes all steps towards peace and regional stability, Jaiswal said. He further expressed hope that this development would encourage peace efforts in Ukraine as well.
(Straight Talk Communications)