US–Iran ceasefire and peace deal announced; decision to reopen Strait of Hormuz

International Desk. PNN

The United States and Iran have reportedly reached a ceasefire and a preliminary peace agreement, according to officials from both sides. As part of the deal, the Strait of Hormuz has been reopened, significantly affecting global energy markets.

Following the announcement, crude oil prices dropped sharply and global stock markets rose.

Former US President Donald Trump claimed on social media that a deal with Iran has been finalized, while Pakistan’s Prime Minister Shehbaz Sharif said a structured agreement was signed after long negotiations.

The agreement includes a preliminary understanding to stop military operations on all fronts, including conflicts involving Lebanon.

Iran’s Supreme National Security Council stated that all military operations would cease from Monday night. Further discussions are expected within 60 days for a broader agreement.

Brent crude fell by about 4% following the announcement.

However, issues such as Iran’s nuclear program and sanctions relief remain unresolved, and further negotiations are needed.

Analysts say the agreement is an important step toward reducing tensions, though implementation remains uncertain.