US agrees to peace deal with Iran

Iran and the US have agreed on a peace deal, the two nations announced Sunday, a major breakthrough after nearly four months of fighting that created global political and economic turmoil.

President Trump, in an interview earlier Sunday with The Wall Street Journal, said this deal would either be signed electronically by himself or Vice President JD Vance on Sunday.

Pakistani negotiators said a formal signing would come later this week. President Trump’s interview came just hours before he was set to attend a large scale UFC fight on the White House lawn.

“Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED,” Pakistan Prime Minister Shehbaz Sharif said in a post on X. Pakistan has served as a mediator between the two countries.

“The official signing ceremony will be on Friday, 19 June in Switzerland,” Sharif said. President Donald Trump confirmed that a deal had been reached soon after the prime minister’s announcement. In a post on Truth Social, the President said: “The deal with the Islamic Republic of Iran is now complete.”

“I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” Trump wrote. “Ships of the World, start your engines. Let the oil flow!”

On Friday, Iranian state media reported that a 14-page draft memorandum had been drawn up, outlining terms of a proposed peace deal that would include the U.S. lifting oil sanctions and Iran committing to reopening the Strait of Hormuz within 30 days.

Vice President JD Vance, in an interview on Fox News immediately after the deal was struck, said the agreement was “a great thing for the American people.” “I know that they suffer from high gas prices, the President has certainly been very concerned about that fact,” Vance said. “What we’re going to be able to do is drive down the cost of energy, not just now but for the long term.”

While the US-Israel war with Iran has not officially ended, this announcement is the most positive sign of an end to the war since the conflict began.