The United States and Iran have agreed to a peace deal to end the Middle East war. The agreement will be signed on this Friday in Geneva, Switzerland.
The diplomatic breakthrough came hours ahead of President Donald Trump's departure to Europe for the G7 summit.
He announced that the Strait of Hormuz will reopen after the agreement is signed and the United States will lift its naval blockade of Iranian ports.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.