U.S. President Donald Trump and Iran announced a breakthrough agreement intended to end more than three months of conflict and reopen the Strait of Hormuz, a critical global oil shipping route.
The agreement, which is expected to be formally signed in Switzerland on Friday, would extend the current ceasefire between the United States and Iran for 60 days while negotiations continue on a permanent settlement.
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!” Trump said in a social media post.
Iran’s Supreme National Security Council confirmed that an agreement had been reached following months of negotiations.
Under the deal, the United States and Iran are expected to halt remaining hostilities and reopen the Strait of Hormuz, a key maritime passage that handles roughly one-fifth of the world’s oil supply.
The agreement also aims to reduce regional tensions, including efforts to halt ongoing fighting involving Israel and Hezbollah in Lebanon.
Despite the breakthrough, several major issues remain unresolved, including the future of Iran’s nuclear program, the lifting of sanctions, and access to Iranian assets frozen abroad.
Trump told media outlets that discussions on Iran’s nuclear activities would continue during the 60-day negotiation period.
Pakistan Prime Minister Shehbaz Sharif, who reportedly helped mediate the talks, said an official signing ceremony would take place in Switzerland on Friday.
The conflict began in late February and contributed to heightened tensions across the Middle East, disruptions in energy markets, and concerns over global economic stability.
Officials from both sides described the agreement as a significant step toward a broader peace settlement, although difficult negotiations are expected in the coming weeks.
