(LEAD) Seoul stocks open sharply higher on U.S.-Iran peace deal
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WASHINGTON, United States — The United States and Iran agreed a peace deal and an "immediate and permanent" end to military operations on all fronts including Lebanon, mediator Pakistan said, signaling the apparent end to more than three months of war in Middle East.
Iran’s Supreme National Security Council said the memorandum of understanding with the United States provides for the immediate and permanent suspension of military operations on all fronts, including in Lebanon, as well as the end of the US naval blockade on Iranian ports.
Iran’s Mehdi Taremi speaks during a press conference ahead of his FIFA World Cup match against New Zealand in Inglewood, Calif., near Los Angeles, Sunday, June 14, 2026. (AP Photo/Andre Penner)
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US President Donald Trump claimed that Prime Minister Benjamin Netanyahu almost derailed a peace deal between the US and Iran in an interview with the New York Times on Sunday, following announcements that the agreement had been reached.
Capitals and officials around the world welcomed a deal announced by the US and Iran under which the two countries agreed to end the war and reopen the Strait of Hormuz.
SEOUL, June 15 (Yonhap) -- South Korea's bourse operator Monday activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the index spiked sharply, boosted by a peace deal agreement reached between the United States and Iran.
SEOUL, June 15 (Yonhap) -- South Korean stocks opened sharply higher Monday as the United States and Iran reached an agreement to end their monthslong war in the Middle East, which includes a reopening of the Hormuz Strait.
UN Secretary-General Antonio Guterres welcomed the reported agreement between the United States and Iran, describing it as “a critical step” towards resolving the conflict through diplomacy.
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The American Flag flies next to a One9 Fuel Stop sign displaying gas prices for diesel and unleaded gas in Wilmington, Ohio, Wednesday, June 10, 2026. (AP Photo/Carolyn Kaster)
The United States and Iran say they have reached a peace agreement that will formally end the conflict after more than three months of fighting. Both sides confirmed the text has been finalised, with a signing ceremony expected in Geneva on 19 June.
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Iranian state-affiliated news agency Mehr News Agency reported that a proposed memorandum of understanding between the United States and Iran includes provisions for the release of frozen Iranian assets.
US President Donald Trump said Sunday that the United States and Iran have reached a peace deal to end their monthslong war, noting that the crucial Strait of Hormuz will reopen once they sign the deal later this week.
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President Trump said in an interview on Sunday afternoon that the agreement he reached with Iran would ultimately assure that the Strait of Hormuz is “permanently toll free” and argued that, despite the objections of Prime Minister Benjamin Netanyahu of Israel, he had saved Israel from nuclear obliteration.
The US and Iran said they have agreed on a memorandum of understanding aimed at ending the conflict, which began on February 28 with a joint US-Israeli bombing campaign and prompted Tehran to close the Strait of Hormuz to most shipping.
US President Donald Trump has said that a memorandum of understanding with Iran is “all signed,” with the official ceremony expected on Friday.
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United States President Donald Trump has announced that a ceasefire deal with Iran has been agreed to and that toll-free shipping through the Strait of Hormuz will now begin.
Trump says the Strait of Hormuz will reopen after the planned signing of an Iran peace deal on Friday next week, appearing to contradict his earlier claim that the vital waterway would open immediately.
‘The Deal with the Islamic Republic of Iran is now complete,’ Trump wrote on social media after Pakistan’s PM made his announcement
‘The Deal with the Islamic Republic of Iran is now complete,’ Trump wrote on social media after Pakistan’s PM made his announcement
G7 leaders will meet in Evian, France, from Monday to discuss the fallout from the agreement reached between the United States and Iran, French President Emmanuel Macron says.
Iran’s Deputy Foreign Minister Kazem Gharibabadi says the war and military operations on several fronts, including Lebanon, will end immediately and permanently from tonight.
Agreement set to end US naval blockade and establish 60-day window to dismantle Iran’s nuclear programme
Agreement set to end US naval blockade and establish 60-day window to dismantle Iran’s nuclear programme
US President Donald Trump says the deal with Iran “is now complete”, announcing the end of Washington’s naval blockade and the reopening of the Strait of Hormuz.
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Iran cancelled planned missile strikes on Israel after US President Donald Trump intervened, The New York Times reports, citing Iranian officials.
WASHINGTON, June 14 (Yonhap) -- U.S. President Donald Trump said Sunday that a peace deal with Iran is now "complete," announcing his authorization of the "toll free" opening of the crucial Strait of Hormuz and the "immediate" removal of a U.S. naval blockade of Iranian ports.
Oil prices tumbled after President Donald Trump said the U.S. has completed a deal with Iran to reopen the Strait of Hormuz.
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The U.S. and Iran have agreed on a deal to bring their nearly four-month war to an end, with both sides declaring the immediate and permanent termination of military operations on all fronts, including in Lebanon, Pakistan Prime Minister Shehbaz Sharif said on Sunday.
US President Donald Trump says the deal with Iran “is now complete”, announcing the end of Washington’s naval blockade and the reopening of the Strait of Hormuz.
US President Donald Trump has announced that the peace deal with Iran is “now complete,” signaling the reopening of the Strait of Hormuz.
US President Donald Trump has announced that the peace deal with Iran is “now complete,” signaling the reopening of the Strait of Hormuz.
Pakistani Prime Minister Shehbaz Sharif announced that a peace deal has been reached between the US and Iran on Sunday.
Mon 15 Jun 2026 at 7:32am
Pakistan’s Prime Minister Shehbaz Sharif says the United States and Iran have reached a peace deal.
US President Donald Trump says Iran will never be allowed to obtain a nuclear weapon and that the Strait of Hormuz will be “opening for business very shortly”.
Mon 15 Jun 2026 at 6:59am
Topic:Unrest, Conflict and War
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Iran’s Foreign Ministry has condemned Israel’s strike on Beirut’s southern suburbs as a "terrorist crime", saying the attack violated Lebanon’s sovereignty and breached the ceasefire agreement.