Trump Announces Iran Peace Settlement Amid Conflicting Claims

President Donald Trump announced on June 12, 2026, that a peace settlement to end the conflict between the United States and Iran has been reached. Following the announcement, Trump called off planned attacks on Iran and indicated that a formal signing ceremony could take place in Europe as early as the weekend.

The Government of Iran disputed these claims, stating that no final deal has been approved. Iranian officials cited unresolved disputes regarding the release of frozen funds and security arrangements in the Strait of Hormuz as primary obstacles to a finalized agreement.

Market reactions were positive despite the contradictory statements, with the FTSE 100 index rising nearly 1% for a third consecutive session. This growth was driven by optimism over the potential deal and a decline in oil prices, offsetting data from the Office for National Statistics showing a 0.1% contraction in the UK economy for April.