Key facts
- An interim peace agreement between the US and Iran to end military operations has been reached.
- The deal includes the reopening of the Strait of Hormuz and the removal of the US naval blockade.
- A signing ceremony was scheduled for June 19 in Switzerland.
- Bitcoin's price surged to nearly $65,000 following the announcement.
- Pakistan's Prime Minister Shehbaz Sharif played a key role in mediating the agreement.
- India's Prime Minister Narendra Modi welcomed the understanding, hoping for restored peace and stability.
Pakistan's Prime Minister announced that a peace deal between the United States and Iran to end military operations is now in place, with a signing ceremony scheduled for June 19 in Switzerland. President Trump confirmed the completion of the US-Iran ceasefire, authorizing the removal of the naval blockade and the reopening of the Strait of Hormuz. Following this announcement, Bitcoin's price rallied to nearly $65,000.
World leaders, including India's Prime Minister Narendra Modi, have welcomed the agreement, expressing hope for restored peace, stability, and reduced energy prices in the region. Iran's embassy in Tunisia described the circumstances of the deal as ironic and praised Pakistan's mediation role. Prime Minister Sharif also credited Army Chief Asim Munir with playing an extraordinary role in the efforts to end the conflict.