Pakistan's Prime Minister announced on Sunday that the United States and Iran have reached a comprehensive peace deal, ending more than three months of conflict and paving the way for the reopening of the Strait of Hormuz. The agreement, which also covers Lebanon, is expected to bring significant relief to the global economy, which has been severely impacted by the disruption of oil shipments through the strategic waterway.
The announcement was made during a press conference in Islamabad, where the Prime Minister stated that the deal was brokered with the assistance of multiple international mediators. The conflict, which began in early March, had led to a sharp increase in oil prices and widespread economic uncertainty.
The reopening of the Strait of Hormuz, through which about 20% of the world's oil passes, is anticipated to stabilize energy markets and lower fuel costs for consumers worldwide. The Prime Minister did not provide specific details on the terms of the agreement but emphasized that it includes provisions for a ceasefire, the withdrawal of military forces, and a framework for future diplomatic relations.
The inclusion of Lebanon in the accord suggests a broader regional approach to stability, addressing long-standing tensions in the Middle East. International reactions have been cautiously optimistic, with the United Nations welcoming the development and calling for all parties to adhere to the terms.
The deal marks a significant diplomatic breakthrough after months of intense negotiations and represents a major step toward de-escalation in the region.