Jakarta, en.SERU.co.id – A landmark peace agreement between the United States and Iran has sparked optimism for greater stability in the Middle East and beyond. The deal is set to be formally signed in Switzerland on Friday (19/6/2026) and has already sent oil prices tumbling while boosting stock markets worldwide.
The agreement is expected to restore smooth shipping through the Strait of Hormuz, a critical chokepoint for global energy trade that had been severely disrupted.
Oil Prices Drop as Tensions Ease
Benchmark Brent crude fell sharply by about 4.7 percent to $83.24 per barrel following the news. Major stock indices also climbed as investors welcomed the prospect of reduced geopolitical risk.
U.S. President Donald Trump confirmed the breakthrough in a public statement, declaring, “Let the oil flow.” The comment was widely reported as a clear signal that normal maritime traffic would resume in the strategic waterway.
Iran’s Deputy Foreign Minister Kazem Gharibabadi said the memorandum of understanding has been finalized and is ready for signing this week. He added that the U.S.-imposed naval blockade would begin to be lifted as early as Monday night, June 15.
Pakistan’s Prime Minister Shehbaz Sharif announced that both sides have agreed to a permanent halt to military operations across all fronts, including areas in Lebanon affected by the earlier escalation. Further technical talks are planned to iron out implementation details.
Analysts caution that the initial euphoria could give way to volatility if key specifics remain unclear. Vandana Hari of Vanda Insights noted that investors will be closely watching for tangible steps from both sides before gaining full confidence in the deal’s longevity.
“Markets still need clarity on the agreement’s details. Until then, some uncertainty in oil prices is likely to persist in the coming days,” she said.
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International Support Grows
In Indonesia, lawmaker Oleh Soleh welcomed the development and urged the government to fully back the peace process.
“Supporting conflict resolution through diplomacy aligns with Indonesia’s constitutional mandate. All parties must work to preserve this agreement and prevent new tensions in the Middle East,” he said.
European powers also responded positively. Britain, France, Germany, and Italy signaled readiness to lift certain economic sanctions on Iran, provided Tehran commits to not weaponizing uranium.
French President Emmanuel Macron described the deal as a significant achievement of multilateral diplomacy and called for the immediate reopening of the Strait of Hormuz without preconditions, calling it the “lifeline” of global energy trade. (aan/mzm)
