Trump says peace pact reached with Iran, oil set to flow through Strait of Hormuz

President Donald Trump announced that a deal with Iran had been finalized before declaring an end to the blockade of Iranian ports and a reopening of the Strait of Hormuz.

Pakistani Prime Minister Shehbaz Sharif said a formal signing ceremony is scheduled for Friday in Switzerland.

Iran's deputy foreign minister said broader talks with the U.S. will take place during a 60-day ceasefire period.

European leaders threw their support behind the US-Iran agreement, pledging sanctions relief in exchange for verifiable nuclear commitments from Tehran.