U.S. President Donald Trump announced on June 11, 2026, that he had canceled planned airstrikes and bombings against Iran, stating that a comprehensive peace agreement had been reached in principle and in all its details. In a televised statement, Trump said, “As President of the United States, I have canceled the planned attacks and bombardments against Iran tonight.” He added that the process had progressed significantly, the agreement was in its final stages, and the location and date of the signing ceremony would be announced shortly.
Hours later, Trump elaborated that the parties had found “a great compromise that will end the war with Iran.” He expected the agreement to be finalized rapidly, with a signing ceremony possibly taking place in Europe that weekend. Although he would not attend personally, Vice President J.D. Vance would represent the U.S. Meanwhile, Iran’s Fars News Agency reported that the U.S. had accepted the text proposed by Iran, sharply raising the likelihood of the deal’s final approval.
Trump emphasized that the naval blockade against Iran would remain in place until the formal signing, but added that the strategically vital Strait of Hormuz would reopen once the deal was concluded, normalizing trade and energy flows in the region. Markets reacted immediately: oil prices tumbled, erasing earlier intraday gains, while U.S. stock markets rose roughly 1,000 points. The swift de-escalation of Middle East tensions injected positivity into global risk assets, with the crypto market also expected to benefit from reduced geopolitical uncertainty.
