President Donald Trump expressed hope that the war with Iran would soon be "in the rearview mirror" following a peace deal that reportedly includes major concessions to boost Iran's economy.

Geneva, Strait of Hormuz, Gulf of Oman, Lebanon, United Arab Emirates, Qatar, Bahrain, Israel, Kuwait

Who

President Donald Trump, G7 leaders, Alisha Rahaman Sarkar, Mark Carney, Penny Wong

What

When

Wed, 17 Jun 2026 05:45:51 GMT · 9d 1h ago

Where

Geneva, Strait of Hormuz, Gulf of Oman, Lebanon, United Arab Emirates, Qatar, Bahrain, Israel, Kuwait ·

Why

The deal aims to end the war between the US and Iran, reopen the Strait of Hormuz to global oil shipments, and offer financial incentives to Iran in exchange for meeting certain benchmarks, including talks on its nuclear program.

The Frontline Impact

How this affects you

The peace deal between the US and Iran is expected to reopen the Strait of Hormuz for global oil shipments and includes a $300 billion private fund to kickstart investment in Iran, with a global impact on oil prices and regional stability, while Australia has relaxed travel advisories for several Middle Eastern countries.

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