The U.S. and Iran have reached a deal to end their war, with Pakistan as mediator.
Key facts: President Trump announced the agreement on social media, including lifting the naval blockade of the Strait of Hormuz. Prime Minister Shehbaz Sharif of Pakistan confirmed the deal, stating an immediate and permanent end to military operations on all fronts, including Lebanon.
Iran's deputy foreign minister credited the agreement to diplomacy and Iran's military achievements. A formal signing ceremony will take place on Friday in Switzerland.
This deal is expected to impact global oil markets and regional stability.