IRAN WAR ENDS | AMERICA PROPOSES PEACE | ISRAEL UNHAPPY
Global Affairs Session 53 15 June 2026 IRAN WINS THE WAR America proposes a peace deal — Israel is unhappy After months of war that began with a joint U.S.–Israeli strike campaign on 28 February 2026, the United States and Iran have announced a preliminary framework to end the fighting, halt the U.S. blockade of Iran, and reopen the Strait of Hormuz. Markets reacted instantly — oil fell, the dollar weakened, and Gulf and Indian assets rallied — even as Iran's nuclear programme remains unresolved. The war leaves behind a case study in asymmetric warfare, a reshaped Gulf, and early signs that Iran may emerge as a stronger regional power.