New Delhi, Jun 15: United States President Donald Trump has announced that Washington and Tehran have finalised a ceasefire agreement aimed at ending months of conflict in West Asia, paving the way for the reopening of the strategically vital Strait of Hormuz and raising hopes of a broader regional peace settlement.
In a post on his Truth Social platform, US President Trump declared the agreement complete and authorised the lifting of restrictions on maritime traffic through the Gulf waterway.
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!” Trump wrote.
The announcement was later confirmed by Iran’s Deputy Foreign Minister, Kazem Gharibabadi, who told Iranian state television that the agreement had been finalised and would be formally signed in Switzerland on Friday.
Gharibabadi said Iran would closely monitor the implementation of American commitments, reflecting Tehran’s continuing distrust of Washington.
He said that negotiations over sanctions relief, reconstruction assistance and issues related to Iran’s nuclear programme would continue over the next 60 days.
The breakthrough follows months of escalating tensions that began after US and Israeli military strikes against Iran and subsequent disruptions to maritime traffic through the Strait of Hormuz, a critical waterway route through which nearly a fifth of global oil supplies pass.
Trump hailed the agreement as a historic diplomatic achievement and contrasted it with previous American administrations’ efforts to engage Iran.
“This Great Deal will bring Peace and Security to the whole Region. Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace,” Trump said.
He said that the reopening of the strategic waterway would benefit both the region and the global economy.
“With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!” he said.
According to reports by the BBC and Al Jazeera, Iranian state-linked media have circulated details of a proposed 14-point memorandum of understanding between Washington and Tehran.
The reported framework includes a permanent ceasefire, reopening of the Strait of Hormuz, lifting of the US naval blockade within 30 days, suspension of sanctions on Iranian oil exports, reconstruction assistance for Iran and renewed commitments by Tehran not to pursue nuclear weapons.
Iranian Foreign Minister Seyed Abbas Araghchi meanwhile stressed the need for a “complete halt” to Israeli military operations in Lebanon and said the United States bore responsibility for implementing the terms of the agreement.
The diplomatic breakthrough appears to have reassured global energy markets. International oil prices fell sharply following Trump’s announcement amid expectations that shipping and energy exports from the Gulf region would return to normal levels. Brent crude dropped nearly four percent in early Asian trading, while US benchmark crude also registered significant losses as traders anticipated improved supply conditions.
Reports from Washington suggest that US Vice-President JD Vance is expected to attend the signing ceremony in Geneva, while Trump himself may also participate if negotiations proceed as planned.
If successfully implemented, the agreement would represent the most significant easing of tensions between the United States and Iran in years, with potentially far-reaching consequences for regional security, global energy markets and international maritime trade.
Pakistan Prime Minister Shehbaz Sharif on Monday said that Pakistan would host the signing ceremony of the peace agreement between the US and Iran in Switzerland.
“This is not an agreement between two countries, but it is the success of peace and dialogue — a diplomatic success,” Sharif said while briefing the National Assembly about Pakistan’s efforts to bring an end to the conflict that threatened the global energy structure.
He termed the deal between the US and Iran as a “historic milestone” of peace, hailing the new dawn that emerged as “after three months and 16 days of tireless efforts, the US and Iran announced an immediate and permanent end to military action, including in Lebanon”.
Sharif said that throughout the negotiation process, the leadership from both the US and Iran displayed patience and sense under difficult circumstances.
“As a result, the entire world has come to witness this great day,” he said.
The peace agreement is scheduled to be signed on June 19 in Switzerland, according to Pakistan Prime Minister.
He said Pakistan would be “hosting the signing ceremony” of this historic agreement on June 19 in Geneva, and congratulated the people of Pakistan, the international community and the members of the House.
The premier also said, “Today is a day of pride not only for those living in Pakistan but also for Pakistanis living around the world”.
The Prime Minister said that his government would bring the fruits of global economic stability resulting from the peace agreement between Iran and the United States to every Pakistani.
“I assure the people that the government will bring the fruits of global economic stability resulting from this peace agreement to every Pakistani,” he said.
He said that the devastating effects of this war shook the entire world and its economy and also had a huge impact on Pakistan’s economy, which is still ongoing.
Pakistan, which has emerged as a key mediator in the US-Iran negotiations, facilitating contacts between Washington and Tehran and hosting diplomatic efforts aimed at ending the conflict, also confirmed the deal.
He while appreciating the role of Pakistan’s Field Marshal Asim Munir during the negotiation process said that the Field Marshal played an active role to quell the flames of this war and establish peace.
He said that during the negotiations, there were many occasions when it seemed that the matter would be over soon, but Munir did not lose heart, as a result of which a ceasefire was announced last night.
He also thanked the political leadership of the country, including former premier Nawaz Sharif, President Asif Ali Zardari and Pakistan Peoples Party Chairman Bilawal Bhutto-Zardari and other party heads for supporting the official effort for peace.
Earlier, in the early hours of Monday, the prime minister announced on social media that a peace deal has been reached and the signing will take place on Friday in Switzerland.
