- US president Donald Trump announced a "breakthrough" peace deal between the United States and Iran, which was welcomed by Sir Keir Starmer as a "hugely significant moment".
- The agreement is expected to ensure the free flow of oil through the Strait of Hormuz, ending a four-month blockade by Tehran that had caused global fuel shortages and price spikes.
- Mediators from Pakistan and Qatar facilitated the deal, with an initial electronic agreement anticipated within 24 hours, followed by detailed discussions next week.
- Following the announcement, global oil prices, including Brent Crude, fell by over 5 per cent to a three-month low, and stock markets across Europe and Asia saw significant gains. dona
- The deal also includes a provision for Israel to cease its operations against Hezbollah in Lebanon, though Israel has yet to officially comment on this aspect.
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