US and Iran reach peace deal - Trump

The US and Iran have reached a peace deal after nearly four months of war, US President Donald Trump said on Truth Social. "The deal with the Islamic Republic of Iran has been finalized," he wrote.

The US president added that he would "authorize the unimpeded opening of the Strait of Hormuz for the passage of ships." "Ships of the world, start your engines! Let the oil flow," Trump wrote.

The official signing of the agreement will take place on Friday, June 19, in Switzerland, Pakistani Prime Minister Shehbaz Sharif said on social network X. Pakistan was a mediator in the talks. According to Sharif, both sides "announced an immediate and permanent cessation of military operations on all fronts, including Lebanon." Ending military operations in Lebanon has been a key issue for Iran, Bloomberg notes.

The exact terms of the agreement are unknown, but its main provisions have been discussed in the media in recent days, the agency notes. According to available information, the deal stipulates that the US and Iran will end mutual blockade of the Strait of Hormuz - one of the most important water routes for oil transit, commit not to attack each other and start separate negotiations on Iran's nuclear program. Sanctions against Iranian oil exports will be eased, Bloomberg writes.

Futures on Dow Jones, S&P 500 and Nasdaq 100 indices are growing by 0.6-0.8%. The coming week on the American market will be shortened - there will be no trading on Friday due to the holiday (Juneteenth, also known as Freedom Day).

Brent crude futures fell more than 3% to $84 a barrel, with Brent closing the previous week at its lowest level in more than three months.

This article was AI-translated and verified by a human editor