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The US and Iran have agreed a deal to end the war, which mediator Pakistan says will be signed on Friday in Switzerland
US President Donald Trump said the Strait of Hormuz will be reopened and the US naval blockade of Iran will end.
“Let the oil flow!” he writes in a post on Truth Social – prices have fallen since the announcement
In Iran, the Deputy Foreign Minister said on state TV that a deal had been reached while the country’s top military command hailed it as a victory for Tehran, reports the BBC.
Pakistan said the deal included an end to “military operations” in Lebanon. Israel said its forces would remain in the country.
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The war began with US and Israeli strikes across Iran on 28 February, prompting Iran to attack Israel and US-allied states in the Gulf.
The US president said in his social media post heralding the agreement that the Strait of Hormuz would be open to commercial shipping and the US would lift its naval blockade.
“Let the oil flow!” Trump exclaimed on Sunday.
He went on to declare that, in contrast with the failures of past US presidents, he secured a “great deal” that would bring “peace and security to the whole region”.
US Vice-President JD Vance said in a Sunday evening interview with Fox News that Iran never possessing a nuclear weapon was “built into this agreement” and that the US will be able to verify compliance.
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