Trump says Iran War deal signed June 19 in Switzerland
Donald Trump said the iran war deal would be signed tomorrow, while Pakistan’s prime minister put the official signing ceremony for June 19 in Switzerland. The announcement came after Washington and Tehran said a ceasefire deal was in place, and oil traders moved fast on the news.
Brent fell about 4 percent to $83.82 a barrel on Monday. US crude dropped 4.6 percent to $80.95, a sharp move that followed the ceasefire announcement and the prospect of the Strait of Hormuz staying open.
Trump and Pakistan on Switzerland
Trump, the US president, tied the agreement to a signing date of tomorrow. Pakistan’s prime minister gave the more specific schedule, saying the official ceremony will be held on June 19 in Switzerland.
That split in timing leaves the sequence clear even if the public messaging is not identical: a deal is said to be in place, but the formal signing is set separately in Switzerland. Keir Starmer, the British prime minister, said the UK stands ready to support the technical talks between the United States and Iran.
Oil prices react on Monday
Markets moved on the announcement before any ceremony had taken place. Brent and US crude both fell after traders weighed the ceasefire deal between Washington and Tehran and the easing fears around the Strait of Hormuz.
Starmer said attention must now turn to fully implementing the memorandum of understanding to ensure the Strait reopens and remains fully and permanently open. He added: “Attention must now turn to fully implementing the memorandum of understand to ensure the Strait reopens and remains fully and permanently open and that the detailed elements of the nuclear agreement are finalised” and “We are clear that toll-free freedom of navigation must now be restored.”
Technical talks after hostilities
The next step is the technical talks between the United States and Iran, which are set to begin after the two sides agreed to halt hostilities on all fronts. JD Vance said in a interview cited by Al Jazeera that “the administration would keep working to drive energy prices down.”
For readers watching fuel costs and shipping routes, the immediate change is already visible in prices, while the formal deal still has to be signed in Switzerland and translated into the detailed elements Starmer said must be finalised.
