- US and Iranian officials have agreed on a framework to end their conflict, halt the US blockade of Iran, and reopen the Strait of Hormuz.
- The agreement was announced by US President Donald Trump on Truth Social and confirmed by Pakistani Prime Minister Shehbaz Sharif.
- A memorandum of understanding is scheduled for official signing on Friday in Switzerland.
- Mr Trump said that the Strait of Hormuz, a vital shipping route, would reopen on Friday, and ordered an end to the US blockade of Iranian ports.
- Following the news, global oil prices, including Brent crude and US West Texas Intermediate, fell significantly.
IN FULL
