The United States and Iran have announced a breakthrough agreement aimed at ending the Middle East conflict across multiple fronts, including Lebanon, and reopening the strategically important Strait of Hormuz, a move that could ease pressure on global oil markets and reduce regional tensions.
According to statements released by both sides, the agreement is expected to be signed on Friday in Switzerland following weeks of negotiations and mounting international pressure to halt hostilities.
US President Donald Trump described the agreement as complete and suggested that global oil shipments would resume once the Strait of Hormuz reopens.
“The Deal with the Islamic Republic of Iran is now complete,” Mr Trump wrote on social media, adding that global shipping and oil flows should resume.
Iran’s Deputy Foreign Minister, Mr Kazem Gharibabadi, later stated in televised remarks that the agreement would bring an immediate end to military operations and open the door for further negotiations within two months aimed at reaching a final settlement.
The announcement came after tensions escalated following Israeli military actions targeting Hezbollah positions in Beirut, raising fears that negotiations could collapse.
However, Pakistan’s Prime Minister, Mr Shehbaz Sharif, later confirmed that both sides had agreed to permanently end military operations across all fronts, including Lebanon.
Deal details remain unclear
Despite the announcement, several key elements of the agreement remain undisclosed.
Iranian media reports suggested that the United States could release frozen Iranian assets as part of confidence-building measures tied to future negotiations.
Reports also indicated discussions around Iran’s uranium enrichment programme, although no official confirmation has been released.
Mr Trump later hinted that negotiations were continuing over possible timelines for restricting Iran’s nuclear enrichment activities but declined to disclose details publicly.
International reactions
Global leaders welcomed the development cautiously.
United Nations Secretary-General António Guterres described the agreement as an important opportunity to stabilise the Middle East.
European powers including the United Kingdom, France, Germany and Italy also signalled readiness to support diplomatic efforts and potentially review sanctions frameworks if progress continues.
Financial markets reacted positively, with oil prices falling sharply and investors responding to expectations of reduced disruption to global energy supply chains.
Strategic importance of Hormuz
The Strait of Hormuz remains one of the world’s most critical maritime routes, handling a significant share of global oil exports.
Its closure had contributed to higher energy prices, inflation concerns, and supply chain disruptions affecting industries worldwide.
US Vice President Mr JD Vance said reopening the waterway could help lower energy costs and support broader economic recovery.
The agreement, if fully implemented, could become one of the most significant diplomatic developments in the Middle East in recent years.
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