In short:
A ceasefire deal has been reached between the US and Iran, with both sides confirming plans to end fighting and reopen the Strait of Hormuz.
An official signing ceremony is expected in Switzerland this Friday, June 19.
What’s next?
Once the deal is signed, it will kick off 60 days of negotiations on topics such as Iran’s nuclear program.
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The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy after three months of fighting.
Iran war live updates: For the latest news on the Middle East crisis, read our blog.
Pakistani Prime Minister Shehbaz Sharif, who has acted as a central mediator throughout the conflict, said the deal had been reached after extensive talks.
“Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” Mr Sharif said in a post on X.
He said the official signing ceremony would happen in Switzerland this Friday, June 19.
Full details of the deal were not immediately available.
But US President Donald Trump took to social media to confirm a deal had been reached, saying he had authorised an end to the US naval blockade of Iranian ports in the Strait of Hormuz.
“Congratulations to all!” he wrote on Truth Social, without providing details. He added, “Ships of the World, start your engines. Let the oil flow!”
Mr Trump said the strait, a critical shipping lane for global energy supplies that Iran has effectively shut down for months, would be open “toll free”.
Iran’s Deputy Foreign Minister Kazem Gharibabad confirmed to Iranian state TV that a deal with the US had been finalised.
“An immediate and permanent end to the war and military operations on different fronts including Lebanon will be announced tonight,”
he said.
Iranian state media reported Pakistan’s statement after a day in which Israel, sidelined from the negotiations, attacked Beirut’s southern suburbs and posed a threat to the discussions nearing an end.