UMVA has learned that a historic peace deal has been signed between the United States and Iran, marking a significant shift in the two nations' tumultuous relationship.
The tentative agreement, signed by US President Donald Trump and Iranian President Masoud Pezeshkian, includes the reopening of the Strait of Hormuz, a crucial waterway that has been a focal point of tensions between the two nations.
As part of the deal, the US has agreed to halt "all types of sanctions" on Iran, a move that could inject $300 billion into the Iranian economy as part of a reconstruction plan.
The signing of the initial agreement took place on Wednesday, with Trump putting pen to paper in France at the G7 summit, while Pezeshkian signed in Tehran.
According to information obtained by UMVA, Trump cited the risk of a "worldwide depression" as a key reason for his decision to sign the deal, saying he didn't want to see an "economic catastrophe" unfold.
The US president also mentioned that every time he discussed the possibility of peace with Iran, the stock market surged, while negative comments caused it to plummet.
Despite the tentative agreement, Iranian officials are still wary of the US, with parliamentary speaker Mohammad Bagher Ghalibaf warning that Iran's "finger is on the trigger" and that the country will not hesitate to take a firmer stance if necessary.
UMVA can exclusively reveal that the next critical step in the process is the negotiation of a final deal within 60 days, which is expected to include an agreement to halt Iran's nuclear programme and determine the fate of its stockpile of highly enriched uranium.
Iran has agreed to discuss ways to possibly "dilute or remove" its highly enriched uranium stockpile, but it remains unclear whether Tehran will ultimately agree to its complete removal.
![Men gather alongside a giant unfurled Iranian flag, as supporters of the Iranian-backed Huthi movement gather at a mass rally, denouncing what they perceive to be derogatory comments by the US president regarding the holy city, in Yemen's Huthi-held capital Sanaa on June 16, 2026. US President Donald Trump had on June 13 had criticised the presidential library of his predecessor, Democrat Barack Obama, saying "ten years from now [it] will be a 'Mecca' for those who hate America!", drawing backlash from conservative Muslims. He said Monday that loaded oil tankers were moving out of the strait, apparently on a route near to Oman, in a post on his Truth Social platform. (Photo by Mohammed HUWAIS / AFP via Getty Images)](https://metro.co.uk/wp-content/uploads/2026/06/SEI_301670610-c061.jpg?quality=90&strip=all&w=646)
The development has significant implications for global politics and the economy, and UMVA will continue to provide updates as more information becomes available.
