President Trump announced a ceasefire agreement with Iran and arrived in France for the G7 Summit on June 15. The deal includes reopening the Strait of Hormuz, a critical global shipping corridor, ending the monthslong U.S.-Iran conflict that has destabilized the Middle East and global energy markets. Multiple sources confirm the core terms, though NPR notes critical issues remain unresolved for further negotiations, and the NYT reports specific deal terms have not been fully released and Israeli leadership's support is uncertain.