A major diplomatic breakthrough has emerged in the Middle East, as U.S. President Donald Trump announced that the United States and Iran have reached a landmark peace agreement after 107 days of conflict.
The deal, facilitated by Pakistan and scheduled for formal signing in Switzerland on Friday, calls for an immediate and lasting end to hostilities, the lifting of the U.S. naval blockade, and the reopening of the Strait of Hormuz—a vital route for global energy supplies.
Financial markets welcomed the development, with oil prices falling sharply amid expectations of smoother energy exports and reduced regional tensions. While contentious issues, including Iran’s nuclear programme, are yet to be resolved and will be addressed during a 60-day negotiation period, the agreement is being viewed as a significant step toward restoring stability and easing geopolitical risks.
Officials from the participating countries have expressed optimism that the accord could pave the way for broader diplomatic engagement across the region.
