Pakistan says U.S. and Iran reach deal to end war, reopen Strait of Hormuz

Pakistan announced on Friday that the United States and Iran have reached an agreement to end their war and reopen the crucial Strait of Hormuz, offering potential relief to the global economy after more than three months of conflict.

Full details of the deal remain scarce, but the signing is scheduled for Friday in Switzerland. U.S. President Donald Trump confirmed the agreement on social media, stating he had authorized the end of the U.S. naval blockade of Iranian ports. "Ships of the World, start your engines. Let the oil flow!" Trump wrote, signaling a significant shift in regional tensions.

The agreement comes after a period of intense conflict, including an Israeli strike on Beirut's southern suburbs, which Iran and Trump himself criticized. Pakistan stated that both sides have agreed to the "immediate and permanent termination of military operations on all fronts, including in Lebanon." Mediators are expected to facilitate technical talks.

While the deal largely aims to restore the status quo antebellum, thousands have died, and Iran has gained leverage through its ability to influence transits of the Strait of Hormuz. This waterway is vital for global oil and natural gas shipments, and its closure has severely impacted the world economy. Despite the agreement, Iran's missile program, support for regional proxies like Hezbollah, and its nuclear program remain points of contention.

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Congratulations to all! Ships of the World, start your engines. Let the oil flow!