On June 15, 2026, South Korean media Asia Economy reported that US President Donald Trump announced the conclusion of an agreement to end hostilities with Iran. The two countries are expected to transition to a ceasefire regime after official signing and proceed with the reopening of the Strait of Hormuz, a crucial choke point for global energy transport.

According to the article, President Trump announced on his social media that an agreement had been reached with Iran to end fighting, and explained that he had consequently approved the resumption of navigation in the Strait of Hormuz and the lifting of the blockade by the US Navy. He also called for "Oil to flow back into the market." Furthermore, Pakistan's Prime Minister Sharif, who is mediating the ceasefire talks between the two countries, announced on social media that "The United States and Iran have declared an immediate and permanent cessation of military operations on all fronts, including Lebanon." Iran also stated that the final adjustments to the memorandum have been completed. The official signing ceremony is expected to take place in Switzerland on the 19th.

On the other hand, this agreement is not an immediate and complete end to the war, but rather is understood to be based on a 60-day ceasefire framework and subsequent negotiations.

The Strait of Hormuz is a critical route for global crude oil transport, and its blockade had been pushing up crude oil prices, leading to widespread expectations in the market. However, it is said that the actual normalization of logistics may take time, requiring safety checks of shipping lanes and infrastructure restoration.

Iran has indicated its stance of assessing the US side's fulfillment of its promises. Furthermore, Israeli Prime Minister Netanyahu, who carried out preemptive strikes on Iran alongside the US, has taken a firm stance that "The war will not end as long as Iran does not stop its nuclear development," thus the longevity of this agreement's contribution to long-term stability is expected to depend on the outcome of future nuclear talks.

The article reported, "Strictly speaking, the war has not completely ended; it is merely the start of a 60-day reprieve to avoid a larger conflict. Depending on the results of future negotiations, the situation in the Middle East could rapidly change again."

Regarding this, South Korean netizens expressed comments such as "It's good if the war stops for now," "It's a real relief that an agreement could be reached on opening the Strait of Hormuz," "If the Strait of Hormuz stabilizes, crude oil prices might calm down a bit," and "I hope this agreement succeeds as it is."

On the other hand, there were also comments such as "It's good news, but I can't trust whether the current US will properly abide by the agreement," "I feel like they keep saying the war will end and then backtracking," "A ceasefire is good, but it seems like there will be trouble again after 60 days," "If Israel isn't satisfied, it doesn't feel like it will end easily," "Regarding the situation in the Middle East, I can't feel at ease until I see actual improvements on the ground," and "If the blockade has lasted this long, even if the Strait of Hormuz is reopened as is, distribution won't return to normal so easily." (Translation/Editing by Higuchi)