Global Leaders Applaud US-Iran Peace Accord, Europe Signals Sanction Relief and Urges Strait of Hormuz Reopening

Deep News06-15

Key points from multiple nations indicate a welcome for the US-Iran agreement that concludes nearly four months of conflict, with calls for actions to reopen the Strait of Hormuz.

Several European countries have signaled readiness to lift sanctions against Iran.

The US and Iran have reached a consensus to immediately and permanently cease hostilities.

Following the announcement of the deal, pressure in the crude oil market has eased, with West Texas Intermediate futures falling to around $80 per barrel.

On June 14, 2026, at 10 Downing Street in London, UK Prime Minister Keir Starmer (left) met with Japanese Prime Minister Sanae Takaichi. The future of a joint UK-Japan-Italy fighter jet development project is clouded by uncertainty due to doubts over the UK's commitment to fulfilling its obligations.

Leaders from various countries have welcomed the US-Iran agreement ending the Middle East conflict. Some European nations have signaled that Europe is prepared to lift relevant sanctions on Tehran if Iran takes substantive action to limit its nuclear program.

Pakistani Prime Minister Shehbaz Sharif revealed that after more than three months of fighting, the US and Iran reached a peace agreement on Sunday to immediately and permanently end the conflict. The two sides are scheduled to sign the agreement in Switzerland this Friday, followed by a 60-day period of supplementary negotiations on the Iranian nuclear issue.

US President Donald Trump stated he would approve the immediate lifting of the US naval blockade on Iran. The full terms of the agreement have not been publicly released, but Iranian state media disclosed last Friday that a 14-page draft memorandum of understanding stipulates the US will cancel oil sanctions on Iran, and Iran pledges to reopen the Strait of Hormuz within 30 days.

China's Ministry of Foreign Affairs welcomed this preliminary peace agreement, expressing hope it would be signed as scheduled.

A spokesperson stated at a regular press briefing on Monday: "China hopes all parties will adhere to the path of peace and resolve differences through dialogue."

Following the official announcement of the agreement, the UK, France, Germany, and Italy issued a joint statement praising the deal as "creating an opportunity to restore regional stability and steady the global economy." They added that if Iran demonstrates "clear, verifiable measures to control its nuclear program," the four nations would lift corresponding sanctions.

These four countries, collectively known as the E4, also demanded the comprehensive and rapid implementation of the agreement, emphasizing that "the unconditional and unrestricted restoration of freedom of navigation through the Strait of Hormuz is urgently needed and of paramount importance."

Citing the four nations' stance, Reuters reported that European countries have a clear position: "Iran must absolutely not possess nuclear weapons. We are willing to work with the US, Iran, and the International Atomic Energy Agency (IAEA) to achieve this goal."

Japanese Prime Minister Sanae Takaichi stated: "We strongly hope this memorandum of understanding will be steadily implemented, effectively ensuring free and safe navigation through the Strait of Hormuz, and that a final comprehensive agreement on the Iranian nuclear issue and other topics will be reached as soon as possible."

UK Prime Minister Keir Starmer welcomed the agreement, calling it "a crucial step towards ending the war," while stressing that the Strait of Hormuz, a vital energy chokepoint nearly completely blocked during the conflict, must be permanently and fully reopened.

Japanese Prime Minister Sanae Takaichi posted on platform X on Monday, stating Japan welcomes the agreement, viewing it as "a significant development in resolving the regional crisis."

"There can be no true peace in the Middle East while the fires of war burn in Lebanon."

The G7 summit is set to open this week in Evian, France, where Trump is expected to hold talks with leaders from Canada, France, Germany, Italy, Japan, the UK, and the European Union.

European Commission President Ursula von der Leyen welcomed the US-Iran agreement, stating it should lead to the immediate and free restoration of navigation through the Strait of Hormuz and "the termination of Iran's nuclear and ballistic missile development programs."

However, von der Leyen also issued a warning: "As long as the war in Lebanon continues to burn, true peace in the Middle East is impossible."

She stated on Monday: "Europe once again calls on all parties to respect Lebanon's sovereignty and territorial integrity and to implement an effective ceasefire. At this Evian G7 summit, leaders will consult with partners from the Gulf and the broader Middle East region. Europe is willing to shoulder its responsibilities."

Shortly after the statement, Israeli Defense Minister Israel Katz stated that the Israeli Defense Forces would continue to maintain positions in designated "security buffer zones" within Lebanon, Gaza, and Syria.

Katz added that if Iran attacks Israel due to the situation in Lebanon, Israel will respond with proportionate retaliatory strikes.

Nations Hope for Oil Price Decline

United Nations Secretary-General António Guterres congratulated the warring parties on reaching the agreement, calling it "a key step towards a peaceful resolution of the conflict," and commended the mediation efforts of Pakistan, Qatar, and other Middle Eastern countries.

UN Secretary-General António Guterres said: "This is a crucial step towards peacefully resolving the conflict."

Australian Prime Minister Anthony Albanese issued a statement saying that although a full global economic recovery will take time, reopening the Strait of Hormuz "is a core measure to alleviate pressure on energy prices."

The Australian government urged all countries to achieve lasting peace through dialogue and diplomacy, calling on Iran to address the international community's long-standing concerns regarding its nuclear program and regional security threats.

Qatar's Ministry of Foreign Affairs issued a statement praising the agreement, calling it "an important step towards consolidating sustainable peace and stimulating regional and global economic growth."

Egypt's Ministry of Foreign Affairs stated that the agreement "holds promise for rebuilding regional and global security and stability."

Since the conflict erupted in late February, with negotiations repeatedly breaking down and fighting dragging on, global energy markets have experienced severe volatility, with widespread fears of a global economic recession. Following the announcement of the Sunday peace agreement, international oil prices fell: North Sea Brent crude dropped approximately 4% to $83 per barrel; West Texas Intermediate (WTI) crude declined 4.8% to $80.80.

Christian Noyer, Honorary Governor of the Bank of France, stated during an appearance on an Asian financial morning program on Monday that the full implementation of the peace agreement would greatly alleviate global inflationary pressures, restore consumer confidence, and provide more room for maneuver in monetary policy for central banks worldwide. "We have been eagerly awaiting such a peaceful turning point to arrive sooner."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment