HomeBusinessUS, Iran reach deal to end war, reopen Hormuz

US, Iran reach deal to end war, reopen Hormuz

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The United States and Iran said they reached a deal to end the Middle East war on all fronts including Lebanon, and reopen the vital Strait of Hormuz, but offered little indication on the thorny question of Tehran’s nuclear programme.

Washington and Islamabad said the agreement was to be signed on Friday in Switzerland, signalling what would be a major breakthrough to ending months of war that have taken thousands of lives and roiled energy markets.

Few of the details were made public, but US President Donald Trump said the Strait of Hormuz — a key conduit for global oil supplies — would reopen after the planned signing of the deal on Friday.

“The Deal with the Islamic Republic of Iran is now complete,” US President Donald Trump posted Sunday on social media as he marked his 80th birthday.

“Ships of the World, start your engines. Let the oil flow!”

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