US and Iran inch closer to signing deal to reopen Strait of Hormuz

The US and Iran may sign an agreement to reopen the Strait of Hormuz on the sidelines of the Group of Seven world leaders summit next week, according to senior officials.

A senior Iranian official indicated overnight that a deal is likely, said a G7 official and a diplomat from outside the group, who both asked not to be named discussing sensitive matters.

This year’s G7 summit takes place in Evian, in the French Alps, from June 15 to June 17. Geneva, in Switzerland, is nearby and being floated as a potential location for the signing as soon as Sunday, according to people familiar with the plans.

The G7 is a bloc consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The EU is also represented within the G7.

US President Donald Trump indicated that his vice-president, J.D. Vance, and Steve Witkoff, a special envoy, would represent him at any signing.

The interim peace deal would see the US and Iran extend their ceasefire by around two months and go into further negotiations over the Islamic Republic’s nuclear programme. As well as Iran reopening the strait, the US would lift its blockade of Iranian ports.