Diplomats said a U.S.-Iran peace memorandum is scheduled for signing June 19 in Switzerland, aiming for what negotiators call a permanent halt to military action.
Preparatory talks continued Saturday over sequencing: troop withdrawals, maritime inspections and phased sanctions adjustments.
Geneva hotels near the lakeshore saw increased security cordons as delegations from Gulf states and European Union observers arrived.
Oil analysts said formal signatures could unlock tanker traffic through the Strait of Hormuz if insurers regain confidence in war-risk premiums.
Critics in Congress demanded congressional review, arguing executive agreements cannot bind future administrations without legislative consent.
Humanitarian groups pressed for landmine clearance funding to accompany any naval de-escalation along contested coastlines.
Swiss hoteliers near Geneva Lake said delegations booked entire floors under pseudonyms, complicating security sweeps for electronic surveillance devices.
Wall Street analysts modeled three scenarios for Brent crude next week, with the optimistic case assuming Hormuz convoys resume by June 20.
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Sources:
https://www.thehindu.com/news/international/us-israel-iran-war-live-updates-peace-ceasefire-deal-oil-price-hike-donald-trump-mojtaba-khamenei-netanyahu-june-15-2026/article71103253.ece