U.S. and Iran Sign Peace Framework Friday, Full Text to Be Disclosed; $12B Frozen Assets to Unlock

According to MarketWatch, the U.S. and Iran are set to sign a peace framework agreement on Friday (June 19), with the full text to be disclosed ahead of the signing, according to Vice President Vance. President Trump has indicated he may hold a press conference to explain the agreement line by line. The current framework extends the ceasefire for 60 days until mid-August, with both sides using this period to negotiate a long-term agreement covering Iran's nuclear program.

The market is closely watching when the Strait of Hormuz will resume normal operations. Trump claimed the strait will be "completely open" Friday, though analysts note actual restoration of shipping may take time due to previously deployed mines. Additionally, Iran will access $12 billion in frozen funds and sanctions relief this Friday upon signing; if 60-day talks succeed, another $12 billion will be released. The Wall Street Journal reported that sanctions relief allowing Iran to resume oil exports could take effect this week.