President Donald Trump has declared a peace deal between the US and Iran has been reached after months of fighting.
Taking to Truth Social to announce that negotiations with the Islamic Republic have been concluded, he confirmed the reopening of the Strait of Hormuz without any tolls while simultaneously directing the withdrawal of the American naval blockade stationed in the region.
"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," Mr Trump wrote in on social media.
"Ships of the World, start your engines. Let the oil flow!"
Pakistan's Prime Minister Shehbaz Sharif confirmed the breakthrough on X, saying intensive negotiations have resulted in a peace accord between Washington and Tehran.
Both nations have committed to halting all combat activities permanently and without delay across every theatre of conflict, explicitly including Lebanese territory.
The formal signing of the agreement is scheduled to take place in Switzerland on Friday, June 19.
Mr Sharif extended gratitude to Qatar's leadership for their assistance in brokering the accord, whilst also highlighting the contributions made by Saudi Arabia and Turkey throughout the mediation process.
Mr Sharif said: "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.
"Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon."
He added: "We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict."
He went on to conclude: "With the agreement now in place, mediators will facilitate a series of meetings this week.
"These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony."
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Iran's Fars News agency said an official statement from the country's supreme national security council will be issued shortly regarding the ceasefire agreement with US.
According to the Iranian state broadcaster, marine traffic through the Gulf will be regulated by Iran in coordination with Oman.
Iran's Deputy Foreign Minister Majid Takht-Ravanchi said the immediate and permanent end to the war and military operations on various fronts, including Lebanon, will be announced starting tonight.
Mr Takht-Ravanchi went on to say the memorandum of understanding does not mean trust in the "enemy".
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