Erdogan's Reaction to the Historic Iran-US Agreement; "A Vital Step for Peace"

Erdogan Welcomes the End of Regional Tensions Recep Tayyip Erdogan, the President of Turkey, welcomed the agreement reached between Iran and the United States in an official statement posted on his X (formerly Twitter) account today, Monday, June 15, 2026. He described this memorandum, aimed at ending recent conflicts in the region, as a "vital development for the reign of peace and tranquility" [1]. Erdogan expressed hope that this news, which the world has long awaited, would pave the way for establishing sustainable security in the Middle East [2].

Details of the Agreement and Reopening of the Strait of Hormuz This agreement, known as the "Islamabad Memorandum," includes an immediate and permanent ceasefire on all fronts, including Lebanon, and the full reopening of the Strait of Hormuz for commercial traffic [3]. Donald Trump, the US President, also confirmed the news, announcing that the naval blockade of Iran would be lifted immediately. According to diplomatic reports, the official signing ceremony for this contract is scheduled for Friday, June 19, 2026, in Geneva, Switzerland [4].

Gratitude for the Role of Mediators; Pakistan and Qatar The Turkish President specifically expressed gratitude for the diplomatic efforts of the mediating countries. He thanked Pakistan for its "exceptional efforts" in bringing these negotiations to fruition and praised the roles of Qatar and Saudi Arabia in supporting diplomatic initiatives [1][4]. Erdogan emphasized that Turkey, as a regional power, has always supported solutions based on diplomacy and international law and will continue its efforts to stabilize peace [2].

Warning Against Sabotage and Provocative Actions In part of his message, Erdogan issued a serious warning regarding the sensitive days ahead. He called on all parties and regional actors to refrain from any harsh rhetoric, military provocations, or actions leading to increased tension until the official signing of the contract on June 19 [3]. He stressed the need to remain fully vigilant against potential "sabotage" intended to disrupt this historic agreement [4].

Immediate Impact on Global Markets Immediately following the news of the agreement, global markets reacted positively. Brent crude oil prices saw a significant decrease of 4.6%, falling to approximately $83, while stock markets in Asia, particularly in Japan and South Korea, witnessed an unprecedented surge [5]. Hakan Fidan, the Turkish Foreign Minister, also described the agreement in a separate statement as an important stage on the path to lasting stability and emphasized Ankara's readiness to support the implementation of its provisions [1].