President Trump announced Wednesday that a preliminary peace agreement with Iran has ended, following U.S. military strikes targeting Iranian vessels in the Strait of Hormuz.
The preliminary accord, signed in June at the Palace of Versailles, had established a 60-day negotiation window focused on Iran’s nuclear program and potential sanctions relief. The agreement collapsed after Iran attacked three commercial ships in the strategic waterway this week, prompting the U.S. military response.
The preliminary accord, signed in June at the Palace of Versailles, had established a 60-day negotiation window focused on Iran’s nuclear program and potential sanctions relief. The agreement collapsed after Iran attacked three commercial ships in the strategic waterway this week, prompting the U.S. military response.
The two nations remain in dispute over control of the waterway, which handles roughly 20 percent of global oil exports annually. Iran had demanded vessels use a Tehran-approved shipping route rather than the path along the Omani coast favored by the U.S. and allied nations.
What’s at Stake
The collapsed agreement had outlined Iran’s nuclear program dismantlement alongside sanctions relief and unfreezing of Iranian assets. Tensions have escalated significantly since the June signing, with the latest military action marking a critical turning point in U.S.-Iran relations.
This story has been updated. CNN’s international affairs team contributed to this report.
