Trump says peace deal will be signed Sunday after Iran said it remains cautious on timing

President Donald Trump said Saturday that a deal to end the war with Iran is scheduled to be signed Sunday and that the Strait of Hormuz would reopen immediately afterward. There was no independent confirmation of that timetable, and Iranian state media said Tehran remained cautious about the timing.

In a Truth Social post, Trump wrote, “The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL.” He also indicated that the U.S. would work with Iran at a later, unspecified date to remove enriched uranium from the country.

Beyond those statements and the signal of caution from Tehran, no public text of an agreement, list of signatories or implementation schedule had been released by Saturday.

That leaves several basic questions unanswered.

Trump described a deal to “end the war,” but it was not clear whether he was referring to a cease-fire, a broader political understanding or a formal peace accord. The public record also did not establish where a signing would occur, who would sign, what obligations each side would assume or what mechanism would be used to verify compliance.

Those distinctions matter because markets and governments usually respond not just to political declarations, but to whether an agreement can be carried out. A document with named parties, start times and enforceable terms would carry more weight than a broad announcement without operating details.

Until there is a signing, matching official confirmation from the parties involved or a published framework, Trump’s timeline remains a claim about what is expected to happen rather than a confirmed diplomatic outcome.

The Strait of Hormuz is the part of Trump’s statement with the clearest immediate financial implications. The waterway is one of the world’s most important oil transit chokepoints, and any change in access can affect crude prices, tanker movements, freight costs, insurance rates and broader risk sentiment.

If passage through the strait normalizes quickly, part of the geopolitical premium built into energy markets could ease; if disruption fears persist, traders may keep pricing in elevated risk even after a political announcement.

For that reason, “open to all” is best understood as a policy claim until shipping conditions visibly change. Tanker traffic, naval advisories, port guidance and war-risk insurance pricing are among the practical indicators that would show whether the route is functioning normally again.

A reopening that exists on paper but is not reflected in vessel behavior or commercial terms would be less meaningful for markets than one that produces immediate, observable movement through the corridor.

Trump’s reference to removing enriched uranium points to a possible second track of negotiations, but that element appears even less developed in public. There were no disclosed details on when any transfer might happen, how much material would be involved, who would take custody of it or what monitoring arrangement would govern the process.

Those are not minor technicalities: they would help determine whether any agreement is limited to stopping immediate hostilities or also seeks to address longer-term security concerns.

The next test is straightforward even if the outcome is not. If a signing takes place Sunday, Iranian officials publicly confirm the same timeline and shipping through Hormuz begins to normalize, confidence in the agreement would rise quickly.

If the signing slips, Tehran does not endorse Trump’s schedule or the terms remain undefined, the announcement is more likely to be treated as an aspirational diplomatic marker than a settled peace deal.

Published at 2026-06-13T20:00:38.929080+00:00 UTC

Related Symbols

• XLE — Energy Select Sector ETF (ETF)
• SPY — S&P 500 ETF (ETF)
• VTI — Total Stock Market ETF (ETF)
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• IWM — iShares Russell (ETF)
• Selection note: Iran peace-deal and Strait of Hormuz reopening headlines are macro events that can move oil prices and broad U.S. risk sentiment, with the biggest direct impact on energy and spillover to major equity indexes.

References

• CNBC