G7 Backs Historic U.S.-Iran Deal to End Middle East War and Reopen Critical Oil Route

Puglia, Wednesday, 17 June 2026.
A landmark U.S.-Iran agreement, endorsed by G7 leaders at the 2026 Italy summit, aims to end years of conflict and reopen the Strait of Hormuz—a chokepoint for 20% of global oil. The deal, set for signing on June 20, promises a ceasefire, mine clearance, and sanctions relief, but leaves nuclear negotiations unresolved. Markets surged on hopes of stabilized energy prices, yet tensions persist: Iran insists on managing the strait, while the U.S. demands toll-free access. Israel vows to keep troops in Lebanon, defying Hezbollah’s ceasefire conditions. Analysts warn the deal’s success hinges on enforcing its fragile terms amid deep mistrust.