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World News Today, International News Headlines | The HinduBusinessLine

Italy suspends defence pact renewal with Israel amid West Asia tensions Drone hits on Russia ports put Indian refining at risk: IEA Trump’s lawsuit over Wall Street Journal’s Epstein story has been dismissed Agreement cannot be reached overnight, talks should continue over West Asia crisis: UNSG Bling meets brink: Iran war casts shadow over luxury watch industry Iran oil hoard at sea shields China’s refiners from US blockade Next round of Iran-US negotiations expected soon: Khawaja Asif Trump begins Hormuz blockade even as US, Iran eye more talks US naval blockade of Iranian ports begins; UKMTO confirms enforcement France, UK to lead multinational mission to restore navigation in Strait of Hormuz: Macron IDF continues strikes on Hezbollah in southern Lebanon, launches ground ops in Bint Jbeil Israelis oppose Iran ceasefire, divided over whether to respect it, poll says Pope Leo says he does not fear Trump, citing Gospel as he pushes back in feud over Iran war Iran threatens ports in West Asia as US military set to impose shipping blockade What does a US naval blockade of Iran mean for oil flows? Vance-led talks helped build goodwill with Iran: report Iran war's global energy crisis sharpens China's advantage in clean tech 2 oil tankers attempt Hormuz exit after US announces blockade Chinese yuan pressured by safe-haven dollar as US-Iran peace talks break down US blockade of Iran will be major military endeavor, experts say Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse Crude oil tankers steer clear of Hormuz ahead of US blockade US announces maritime blockade of Iranian ports after talks fail Trump attacks Pope Leo, calls him ‘terrible’ and ‘weak’ Europe missed AI bus, but India has potential to catch up: Former WEF Director Iran aims to restore majority of refining capability within two months Trump shares article suggesting option with him to enforce naval blockade on Iran Iran-US talks in Pakistan ended without deal as Tehran cites ‘excessive demands’ from US Two supertankers U-turn in Hormuz as US-Iran talks break down Iran war diverts US military, attention from Asia ahead of Trump's summit with China's leader Trump says China will have big problems if it ships arms to Iran Pakistan to continue facilitating US-Iran talks, says Dar; urges ceasefire More than 2,000 people killed by Israeli strikes in Lebanon during Israel-Hezbollah war: officials Iran denies US claims of mine clearing ships’ passage through Strait of Hormuz 4 ways war in Iran has weakened United States in great power game US-Iran talks fail after 21 hours in Islamabad, JD Vance cites nuclear deadlock Islamabad talks: US and Iran begin negotiations aimed at ending West Asia conflict Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions US-Iran peace talks in Pakistan: What will be discussed? 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Peace deal is signed by Iran and US: Pak PM Shehbaz
PTI · 2026-06-18 · via World News Today, International News Headlines | The HinduBusinessLine

Pakistan on Thursday announced that the US and Iran have affixed electronic signatures on the peace deal, paving the way for the reopening of the Strait of Hormuz.

Prime Minister Shehbaz Sharif said that the signing of the agreement at the highest level of the respective governments demonstrates the commitment of both sides to a diplomatic resolution of the conflict.

"I am honoured to announce that the historic 'Islamabad Memorandum of Understanding' has been electronically signed today between the United States of America and the Islamic Republic of Iran," Sharif said in a post on X.

The electronic signing has paved the way for the formal ceremony being held in Geneva on Friday, which Pakistan will co-host alongside Qatar.

President Donald Trump signed an agreement with Iran on Wednesday.

The Memorandum signed by the honourable presidents of both countries was endorsed by Sharif himself as a mediator, Shehbaz said.

I am honoured to announce that the historic 'Islamabad Memorandum of Understanding' has been electronically signed today between the United States of America and the Islamic Republic of Iran. The Memorandum has been signed by honourable Presidents of both the countries and also…

— Shehbaz Sharif (@CMShehbaz) June 18, 2026

"Islamabad MoU shall enter into force with immediate effect and as a first step, the Islamic Republic of Iran will instantly reopen the Strait of Hormuz and the United States of America will immediately lift the naval blockade,” he said in the social media post.

The Strait of Hormuz is a 55-kilometre-wide strait between Iran and Oman, separating the Persian Gulf from the Arabian Sea.

It is a particularly important piece of global real estate in terms of the energy sector and one of the busiest and most strategically significant shipping routes in the world.

Shehbaz also offered “heartfelt congratulations and sincere appreciation” to the US President Donald Trump, whose steadfast commitment to diplomacy and preference for peaceful resolution have once again helped end a conflict that could have led to devastating consequences for the region and beyond.

He also commended the dedication and tireless efforts of the US negotiating team, including Vice President JD Vance, Steve Witkoff and Jared Kushner, for their contributions to this achievement.

He expressed “profound respect and appreciation” for Iran's Supreme Leader Ayatollah Seyyed Mojtaba Hosseini Khamenei and President Masoud Pezeshkian for their “wisdom, foresight and statesmanship in embracing the cause of peace”.

In his post, he also recognised the efforts of the Iranian negotiating team, including Mohammad Bagher Ghalibaf, Abbas Araghchi and Eskandar Momeni, whose “patience, perseverance and commitment to constructive engagement were instrumental in bringing this agreement to fruition”.

He especially acknowledged the sincere efforts and constructive engagement of the leadership of Qatar in helping reach this point, as he also commended the leadership of Saudi Arabia, Turkiye and Egypt for their “indispensable role and invaluable contributions in this regard”.

The deal was negotiated through mediators that included Pakistan and Qatar, who initially got a two-week ceasefire agreement on April 8. The ceasefire was extended till the completion of the talks.

The US and Israel launched attacks on Iran on February 28, killing Supreme Leader Ayatollah Ali Khamenei and several top commanders.

Khamenei's son Mojtaba, who was elected as the new supreme leader, has not been seen in public since the war began.

Sharif also praised Pakistani army chief Field Marshal Asim Munir for his efforts for peace.

"May this Memorandum of Understanding serve as an enduring foundation for greater understanding, mutual respect and shared prosperity for the complete region," Shehbaz said as concluding remarks in the post.

On Wednesday, Pakistan and Turkiye welcomed the understanding reached between the United States and Iran to end their 107-day conflict.

Earlier on Sunday, President Trump announced that the US and Iran have finalised a deal to end the ongoing conflict, which triggered a global energy crisis.

During the conflict, Iran effectively closed the Strait of Hormuz, the narrow waterway used to ferry one-fifth of the global oil supplies.

Published on June 18, 2026