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Oil prices fell on Thursday after US President Donald Trump and his Iranian counterpart separately signed an accord to end the Middle East war, with the Strait of Hormuz set to reopen but two months of difficult negotiations ahead.
Iran and the United States have agreed to halt hostilities and reopen the Strait of Hormuz, causing oil prices to fall sharply.
Pakistani Prime Minister Shehbaz Sharif announced early Monday that the United States and Iran had reached a peace agreement following intensive negotiations, with an official signing ceremony scheduled for June 19 in Switzerland.
US President Donald Trump and Iranian President Masoud Pezeshkian signed a memorandum of understanding on Wednesday aimed at ending the war with Iran, extending a ceasefire announced in April by another 60 days, including in Lebanon.
Pakistani Prime Minister Shehbaz Sharif signed a memorandum of understanding mediating a U.S.-Iran peace deal, which entered into force immediately and calls for Iran to reopen the Strait of Hormuz and the United States to lift its naval blockade.
The United States and Iran officially signed a memorandum of understanding aimed at ending the war on Iran. Iranian foreign ministry spokesperson Esmaeil Baghaei said the memorandum is now complete and finalised, and US President Donald Trump confirmed the signing after a dinner with French President Emmanuel Macron at the Versailles Palace.
Iran's state news agency IRNA publishes text of Islamabad memorandum of understanding between Iran and US outlining roadmap to end military conflict and negotiate final agreement
Diplomat confirms that US and Iran have signed MoU electronically
G7 leaders meet in France after the United States and Iran declared an agreement to end the war.
UN Secretary-General Antonio Guterres welcomes the announcement of a U.S.-Iran peace deal that includes an immediate ceasefire, reopening of the Strait of Hormuz, and a framework for further negotiations.
Australia and Vanuatu have signed a delayed security agreement that is viewed as a move to curb China's influence.
Bahrain's foreign minister welcomes Oman's announcement of a corridor for safe passage for vessels through the Strait of Hormuz.