18/06/2026 04:37 - Internacionales
Representación simbólica de un acuerdo de paz entre dos naciones, con documentos firmados, banderas y manos dándose la mano en un entorno diplomático formal
June 17, 2026 will be marked as a historic day in international relations. The United States and Iran signed a 14-point memorandum of understanding to end the conflict that began on February 28, 2026, which left more than 3,700 people dead.
The Strait of Hormuz is a narrow waterway between the Persian Gulf and the Gulf of Oman. It is one of the world's most critical oil transit chokepoints, with approximately 20% of global petroleum consumption passing through it daily. The closure of this strait during the conflict had caused significant disruptions to global energy markets, driving up oil prices worldwide and creating economic uncertainty across multiple continents.
The memorandum was signed during the G7 Summit at the Palace of Versailles, France. US President Donald Trump signed the document in person, while Iranian President Masud Pezeshkian signed electronically from Iran. Pakistani Prime Minister Shehbaz Sharif served as the principal mediator in the negotiations, playing a crucial role in achieving this historic agreement.
Who is Masud Pezeshkian? He is the current President of Iran, a reformist politician and former health minister who has advocated for diplomatic solutions to international conflicts since taking office.
The formal signing ceremony will take place on June 19, 2026 in Bürgenstock, Switzerland. From that moment, both nations will have a 60-day period to reach a definitive agreement that consolidates peace in the region.
The price of Brent crude oil settled in the USD 83-84 per barrel range following the announcement. Markets reacted with optimism to the normalization of crude oil flow through the strategic Strait of Hormuz.
Hezbollah — a Lebanon-based political and militant group backed by Iran — celebrated the agreement as a victory for Iran. Meanwhile, Israeli Prime Minister Benjamin Netanyahu rejected the withdrawal of troops from southern Lebanon, creating uncertainty about long-term regional stability.
Iranian President Masoud Pezeshkian called for "not wasting this historic opportunity" to overcome the economic crisis facing the country. Hardline factions in Iran criticized the agreement, while Foreign Minister Abbas Araghchi explained that negotiations were divided into two phases: the first concluded with the ceasefire, and the second will address the nuclear program and sanctions.
The conflict began on February 28, 2026 and lasted nearly four months, causing more than 3,700 deaths and generating instability in global energy markets. The Strait of Hormuz is one of the world's most important oil transport routes, and its closure had caused significant increases in crude oil prices globally, affecting consumers and industries across multiple continents.
Alfredo S. Quiroga
