Key facts
- Iran's Deputy Foreign Minister announced an immediate and permanent end to war and military operations on all fronts, including Lebanon.
- US President Donald Trump confirmed the completion of a peace deal with Iran, authorizing the reopening of the Strait of Hormuz and lifting of the US naval blockade.
- The agreement includes a framework for further negotiations over 60 days, focusing on sanctions relief and unfreezing Iranian assets.
- An official signing ceremony for the peace deal is scheduled for June 19 in Switzerland.
- UN Secretary-General Antonio Guterres praised the deal as a critical step towards peaceful settlement.
Iran has announced that the war and military operations on several fronts, including Lebanon, will end immediately and permanently from tonight, according to Deputy Foreign Minister Kazem Gharibabadi. Speaking to Iranian state TV, Gharibabadi stated that negotiations on a final agreement would take place over a 60-day period and that Tehran would take its own measures if it saw breaches from the other side.
This announcement follows confirmation of a peace deal between the US and Iran, as stated by US President Donald Trump on Truth Social, who declared the deal complete and authorized the toll-free reopening of the Strait of Hormuz and the immediate removal of the US naval blockade. Pakistani Prime Minister Shehbaz Sharif also announced the deal, noting it includes an immediate and permanent end to military operations on all fronts, including Lebanon, with an official signing ceremony scheduled for June 19 in Switzerland.
Qatar's Prime Minister welcomed the memorandum of understanding, calling it an important step toward ending months of conflict and instability. Iran's Deputy Foreign Minister Majid Takht-Ravanchi confirmed that Tehran had accepted the peace deal, and the end of the US naval blockade against Iran would begin tonight. The memorandum of understanding is expected to be published shortly, with Iran highlighting its achievements and commitments in the deal.
Following the announcement of the finalized US-Iran deal, oil prices saw a decline, with Brent crude dropping 3.4% to $87.33 a barrel and WTI falling 3.2% to $84.88 a barrel, attributed to reduced risk in the Strait of Hormuz and the wider region.