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U.S. and Iran Reach Preliminary Settlement to Avert Full-Scale Conflict

President Trump cancels further strikes as both nations signal a diplomatic settlement involving the reopening of the Strait of Hormuz.

June 12, 2026 at 9:00 PM

Tensions between the United States and Iran have significantly eased over the last 24 hours following reports of a diplomatic breakthrough. President Donald Trump announced that a “great settlement” had been reached, resulting in the cancellation of additional planned U.S. military strikes. Iranian Foreign Minister Abbas Araqchi mirrored this sentiment, stating that a peace deal has “never been closer.” While some reports suggest the agreement is a finalized text, others describe it as a framework in principle, with Tehran expected to release full details shortly. A central component of the draft agreement is the reopening of the Strait of Hormuz, shifting the focus from immediate military exchanges to maritime and energy security. The diplomatic efforts have reportedly received backing from a broad regional coalition, including Saudi Arabia, the UAE, Turkey, and Qatar. Pakistan has emerged as a key mediator in the process, with its Prime Minister confirming that a final peace text is being finalized with the help of Islamabad. Despite the diplomatic progress, humanitarian concerns remain from the recent three-day exchange of fire. Iran has accused the U.S. of damaging critical water reservoirs in its southern region, an action that has reportedly left 20,000 households without water. While the ceasefire on the main front appears to be holding, the status of the Lebanon front remains a point of contention, as Iran continues to seek an end to Israeli strikes in the region as part of a comprehensive regional settlement.

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