US, Iran agree to end war, sign deal in Switzerland on Friday

United States and Iranian officials have announced an agreement to end their war, halt the U.S. blockade of Iran, and reopen the Strait of Hormuz.

“The Deal with the Islamic Republic of Iran is now complete,” U.S. President Donald Trump wrote on his Truth Social platform on Sunday night.

His post came shortly after Pakistani Prime Minister Shehbaz Sharif, whose country has served as a mediator, announced a deal had been struck early on Monday local time.

The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland.

The precise terms were not immediately known. Sharif said in a post on X that the pact called for “the immediate and permanent termination of military operations on all fronts, including in Lebanon.”

Lebanon has been a sticking point in negotiations, with Israel and Hezbollah ignoring calls from Trump and others to ​stop their attacks on each other in recent weeks.

In a statement, the secretariat of Iran’s Supreme National Security Council said war and military operations on all fronts, including Lebanon, would end permanently starting on Monday night.

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Iran’s deputy foreign ​minister, Kazem Gharibabadi, said a more expansive agreement would be negotiated during a 60-day ceasefire period, including sanctions relief for Iran.

The future of Iran’s nuclear programme, one of the most sensitive aspects of the dispute, is expected to be discussed during the upcoming negotiations.

There was no immediate reaction to the announcement from Israel, which has said it was not party to the U.S.-Iran talks.

Oil ​prices fell on the news. Brent crude futures fell 4% in early trading on Monday, while U.S. West Texas Intermediate slid more than 4.6%. Stock markets in Asia jumped.

Thousands of people have been killed, mostly in Iran and Lebanon, ​since U.S. and Israeli forces first attacked Iran on February 28.

Iran has struck Israel and Gulf states hosting U.S. bases and has effectively blockaded the Strait of Hormuz, pushing up global energy prices. U.S. forces have blocked Iranian ports in response.