Tehran: The United States and Iran have announced a peace agreement aimed at ending hostilities and reopening the Strait of Hormuz, marking a major diplomatic development after months of conflict and tension across the region.
Pakistan’s Prime Minister Shehbaz Sharif stated that the agreement is “now in place,” with a formal signing ceremony scheduled for Friday in Switzerland. US President Donald Trump also confirmed that the deal “is now complete” and announced an end to Washington’s naval blockade affecting Iranian ports.
According to Iran’s Supreme National Security Council, the agreement includes an immediate and permanent suspension of military operations on all fronts, including Lebanon. Iranian officials said the accord will be followed by further negotiations during a 60-day period to verify implementation of commitments related to hostilities, the blockade, and frozen assets.
The United Nations welcomed the announcement. Secretary-General Antonio Guterres described it as a “critical step” toward a peaceful settlement and praised the provisions for a ceasefire and the reopening of the Strait of Hormuz.
European leaders from Germany, France, Italy, and the United Kingdom said they are prepared to lift sanctions on Iran if it takes “clear, verifiable steps” regarding its nuclear program. The statement also called for unrestricted navigation through the Strait of Hormuz and support for Lebanon’s sovereignty.
Analysts cautioned that challenges remain. Concerns persist over differing interpretations of the agreement, the reaction of regional actors such as Israel and Hezbollah, and the durability of the ceasefire before the formal signing takes place.
Oil prices fell after the announcement, reflecting market expectations of reduced geopolitical tensions and improved maritime security in the Gulf.
