The United States and Iran have announced a landmark agreement to end the US-Israel war on Iran and reopen the vital Strait of Hormuz, a development that has been met with widespread international approval as a potential pathway to lasting regional peace.

US President Donald Trump confirmed the deal on his Truth Social platform on Sunday, stating, "The deal with the Islamic Republic of Iran is now complete. Ships of the world, start your engines. Let the oil flow!" This announcement signals a significant de-escalation following months of conflict that claimed thousands of lives and caused global energy prices to surge.

Details of the agreement indicate that a broader deal encompassing sanctions relief for Iran will be negotiated during a 60-day ceasefire. Iran's deputy foreign minister, Kazem Gharibabadi, confirmed that progress is being made on this front. The accord is slated for official signing on Friday in Switzerland, a process facilitated by months of intense diplomacy.

The implications of this deal are far-reaching, promising to restore stability to a crucial global energy chokepoint and potentially ushering in an era of reduced geopolitical tension in the Middle East. The reopening of the Strait of Hormuz is expected to alleviate supply concerns and lead to a stabilization of oil prices.

Global reactions have been overwhelmingly positive. Qatar's Ministry of Foreign Affairs expressed "appreciation for the determination of both the American and Iranian sides" and hailed the agreement as a "catalyst for broader efforts to advance stability." Minister of State Mohammad bin Abdulaziz Al-Khulaifi conveyed hope that the deal would "serve as a catalyst for broader efforts to advance stability and address outstanding issues through responsible and constructive engagement."

Pakistan's Prime Minister Shehbaz Sharif congratulated both nations on their "commitment to finding a diplomatic solution" and specifically thanked Qatar, Saudi Arabia, and Türkiye for their instrumental roles in brokering the agreement. Sharif's government views the accord as a significant step towards "peace and lasting tranquillity in the region."

Türkiye's President Recep Tayyip Erdogan welcomed the deal "with satisfaction," calling it an "important development for establishing peace and tranquillity in our region." He affirmed Türkiye's continued support for all initiatives aimed at fostering peace and stability in the region.

While the immediate focus is on the cessation of hostilities and the reopening of the Strait, attention will now turn to the implementation of the ceasefire and the subsequent negotiations on sanctions relief. The coming weeks will be critical in determining the long-term success of this agreement and its impact on regional and global security.