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fxJun 15, 2026, 7:27 AM

US and Iran Sign Interim Peace Deal, Strait of Hormuz to Reopen

The US and Iran have signed an interim peace agreement, with formal sign-off expected Friday in Switzerland. Markets react positively as the Strait of Hormuz is set to reopen.

USOIL

After months of global uncertainty, the US and Iran have inked an interim peace agreement. The formal sign-off is expected as soon as Friday in Switzerland, with the Strait of Hormuz anticipated to reopen.

Markets have responded positively to the news, reflecting a boost in risk appetite. The agreement comes alongside central bank announcements that continue to influence currency markets, adding to the mixed signals for forex traders.

Oil prices and safe-haven assets are likely to see immediate impact, though further details on the peace deal remain sparse. Traders are now watching for the official signing and any accompanying policy statements.

Source: FXStreet Forex News