WASHINGTON DC: The United States (US) and Iran have announced a peace agreement aimed at ending ongoing military operations, with the deal set to be formally signed in Switzerland on Friday.
Pakistan’s Prime Minister Shehbaz Sharif said the agreement would bring an end to military activities on all fronts, including in Lebanon. However, the full details of the accord have not yet been made public, and questions remain about its scope and implementation.
US President Donald Trump welcomed the breakthrough, stating that oil exports and shipping would resume smoothly once the agreement is signed. Following the announcement, global oil prices declined amid expectations of improved stability in the region.
The agreement comes as a significant diplomatic development for Trump, coinciding with his 80th birthday. Despite the announcement, only limited information has been released regarding the specific commitments made by both sides.
Iran also confirmed the agreement. The country’s deputy foreign minister announced on state television that a final deal had been reached, while Iran’s senior military leadership described the outcome as a victory for Tehran.
It remains uncertain whether the agreement will lead to lasting stability in Lebanon, where previous ceasefire arrangements have failed to hold.
The conflict began on February 28 following US and Israeli strikes inside Iran. In response, Iran launched attacks against Israel and several US-aligned countries in the Gulf region. The hostilities also disrupted traffic through the Strait of Hormuz, one of the world’s most important oil and gas shipping routes.
Observers say the agreement could help ease regional tensions and restore normal energy flows, though its long-term impact will depend on how effectively both sides implement its provisions.
(Inputs from BBC)
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