US and Iran Reach Historic Peace Deal: What's Next?

The US and Iran have agreed to end their four-month war, with a deal that stops all the fighting.  | World News

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The United States and Iran have finalized a deal to end their nearly four-month war, with President Donald Trump and Pakistani Prime Minister Shehbaz Sharif confirming the agreement on Sunday.

The deal was announced through a post on Truth Social by Trump, who wrote: “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!”

Pakistan, which served as a mediator throughout the negotiations, played a key role in bringing the two sides together. Sharif announced on X that “both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” adding that the official signing ceremony will take place on June 19 in Switzerland.

The deal calls for the dismantling of Iran's nuclear program, with highly enriched nuclear material to be destroyed on-site by the US and an enforceable verification system put in place.

However, a senior Iranian official told Reuters that the US had agreed to allow Iran to dilute its stockpile of highly enriched uranium on Iranian soil under a final deal, a position that differs from what the US has said.

The agreement is not a final peace treaty, but a memorandum of understanding that sets up a 60-day negotiating period, during which US and Iranian officials will work toward a more comprehensive agreement.