The US and Iran signed a temporary peace agreement on Friday, and the G7 plans to assist in demining the Strait of Hormuz.

Golden Ten Data reported on June 16 that the United States and Iran are preparing to formally sign a temporary peace agreement in Switzerland on Friday. Both sides claim victory, but oil traders and shipping companies still have doubts about how quickly the Strait of Hormuz can resume navigation. Trump is currently attending the G7 Summit in France, where member countries are expected to play a key role in potential mine-clearing operations in the Strait of Hormuz to help restore passage. According to a G7 official familiar with the matter, Italian Defense Minister Crosetto met with U.S. Defense Secretary Hegseth in Washington on Monday. They discussed a fleet of four Italian naval vessels that are ready to be dispatched to the Strait of Hormuz. The official stated that this includes two minesweepers currently deployed in Djibouti and preparing for the mission.