US, Iran Reach Agreement To End War, Signing on Friday

U.S. and Iranian officials said on Sunday they had agreed on a framework to end their war, halt the U.S. blockade of ​Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran's nuclear program to further negotiations.

U.S. President Donald Trump wrote on his Truth Social platform around 5:30 p.m. ET local time in Washington (2130 GMT) on Sunday. "The Deal with the Islamic Republic of Iran is now complete," 

His post came shortly after Pakistani Prime Minister Shehbaz Sharif, whose country has served as a mediator, announced a deal had been struck early on Monday local time.

The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland.

The precise terms were not immediately known.

However, Sharif said in a post on X that the pact called for "the immediate and permanent termination of military operations on ​all fronts, including in Lebanon."

Source - Reuters