On Monday, June 15, the conflict involving the United States (US), Israel, and Iran
entered a new diplomatic phase after Washington and Tehran announced a framework agreement aimed at ending months of war. The agreement is significant not only because it reduces the risk of a wider regional war, but also because it restores stability to global energy markets through the reopening of the Strait of Hormuz, one of the world's most important oil transit routes.
In a Truth Social post on Sunday, June 14, US President Trump
wrote, "The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade," his post continued. "Ships of the World, start your engines. Let the oil flow!"
He also added that Iran has agreed to permanently forgo nuclear weapons and pushed back on reports that the US would pay Iran $300 million as part of the deal.
Following the ceasefire and reopening of the Strait of Hormuz, the Indian LNG tanker Disha successfully navigated the strategic waterway. Operated and managed by the state-owned Shipping Corporation of India (SCI), Disha became the first Indian merchant vessel to transit the Strait of Hormuz in nearly two months.
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The war escalated after joint US-Israeli military actions against Iran earlier in 2026, leading Tehran to respond by restricting movement through the Strait of Hormuz. The closure disrupted nearly one-fifth of global oil shipments, causing sharp increases in energy prices and concerns about global economic growth. The prolonged confrontation also raised fears of a broader Middle East conflict involving multiple regional actors.
According to reports, the framework agreement includes several major provisions:Immediate cessation of hostilities between the United States and Iran.
Reopening of the Strait of Hormuz, allowing the resumption of normal commercial shipping.
Lifting of the US naval blockade imposed during the conflict.
A 60-day negotiation period to address unresolved issues, including Iran's nuclear programme and sanctions.
Commitment to further diplomatic engagement aimed at achieving a permanent settlement.
Broader regional de-escalation efforts, including attempts to reduce tensions in Lebanon and other conflict zones.
While the agreement is being welcomed internationally, several sensitive issues remain unresolved, particularly the future of Iran's nuclear activities and the exact scope of sanctions relief.
Meanwhile, D Vance confirms that Iran will get $300 billion for war damages
Pakistan, again, runs to take credit for facilitating the ceasefire
Interestingly, in the midst of everything, Pakistan has been actively presenting itself as a key mediator in the ceasefire process. Pakistani Prime Minister Shehbaz Sharif has stated that Islamabad played an important role in facilitating contacts between Washington and Tehran. In an attempt to portray the outcome as a success of Pakistani diplomacy, he indicated that Pakistan was involved in diplomatic efforts that helped advance negotiations and bring the parties to the table.
Sharif confirmed the news in a post on X, writing that military operations “on all fronts, including in Lebanon,” have been terminated. He added that the deal will officially be signed on Friday, June 19, in Switzerland and that Pakistan will be hosting it.
This is not the first time Pakistan has claimed a role in preventing a wider conflict. Previously on 8 April, 2026, following the temporary ceasefire between the US and Israel, Pakistani officials had
attempted to take the credit by claiming that Islamabad's mediation between Washington and Tehran helped prevent a further escalation of hostilities. Pakistan highlighted its so-called role in conveying proposals, facilitating communication, and hosting negotiations aimed at securing a ceasefire. Several reports noted that Pakistan's diplomatic outreach contributed to the temporary truce and the subsequent peace talks.
It is important to note that Pakistan has sought to portray itself as the principal architect of the ceasefire. Still, available evidence suggests that the agreement emerged from direct negotiations between the United States and Iran, supported by multiple regional stakeholders. Therefore, Pakistan's claim to have "stopped the war" on its own appears to exaggerate its actual so-called diplomatic contribution.
While Pakistan hosted negotiations in Islamabad between the two countries, Qatar
played an important supporting mediation role, particularly during the later negotiations over reopening the Strait of Hormuz and advancing the June peace framework. Qatari mediators were actively engaged with Tehran and Washington. Also, Oman had
hosted and mediated earlier US-Iran talks before the war and remained an important diplomatic channel because of its longstanding relations with both countries.
Immediate benefits for India
India is expected to be one of the biggest immediate beneficiaries of the ceasefire and the reopening of the Strait of Hormuz.
As one of the world's largest importers of crude oil, India relies heavily on energy supplies from the Gulf region. Any disruption in traffic through the Strait of Hormuz has a direct impact on the country's energy security, often leading to higher import bills and increased inflationary pressure. With maritime movement resuming through the strategic waterway, oil supplies are likely to stabilize, easing concerns over fuel availability and price volatility.
The reopening of the route has also helped calm global energy markets, leading to softer crude oil prices. This is expected to improve India's trade balance, reduce import costs, and provide relief to sectors that depend heavily on imported energy, thereby supporting overall economic stability.
In addition, the normalization of shipping through the Gulf is expected to restore confidence in regional trade routes. Indian exporters and importers are likely to benefit from lower freight charges and reduced insurance premiums, which had risen sharply due to conflict-related risks. The return of maritime security in the region thus represents a significant economic gain for India, strengthening both trade flows and supply-chain resilience.
Conclusion
The evolving US-Iran agreement could prove to be a defining moment in Middle Eastern geopolitics. The reopening of the Strait of Hormuz has already helped restore confidence in global energy markets, delivering immediate economic relief to major oil-importing nations, including India. Although the durability of the agreement will ultimately depend on progress in future negotiations concerning sanctions, security arrangements, and Iran's nuclear programme, the ceasefire has created a valuable window for regional de-escalation and stability.
At the same time, Pakistan's attempts to portray itself as the principal architect of the peace process have faced scrutiny. Available evidence indicates that the ceasefire and broader agreement were primarily the result of direct negotiations between the United States and Iran, supported by the involvement of other regional stakeholders. The competing claims over diplomatic credit underscore the broader geopolitical contest among regional powers seeking recognition for their role in bringing the conflict to an end.