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US-Iran set to sign peace deal Friday

A major breakthrough in Middle East diplomacy has been achieved as the United States and Iran have reached a peace deal, with the formal signing ceremony scheduled for Friday, June 19, in Switzerland. The agreement, which came after over 100 days of conflict that ignited a worldwide energy crisis and cast a shadow over the global economic landscape, is expected to mark the end of months of military tensions and pave the way for reopening the strategically crucial Strait of Hormuz. Pakistan's Prime Minister Shehbaz Sharif announced that the peace deal will be officially signed in Switzerland on Friday, June 19, with both sides working toward electronic signing preparations. US and Iranian officials confirmed on Sunday that they have agreed on a framework to end months of war, reopen the Strait of Hormuz, and lift the US blockade on Iran. […]

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Crude oil prices fall as US-Iran peace deal boosts global markets

Global crude oil prices have plunged after the United States and Iran reportedly reached a landmark peace agreement, easing fears of prolonged conflict in the Middle East and boosting investor confidence across global markets. Brent crude, the primary benchmark for worldwide oil prices, fell 3.4% to $87.30 per barrel, while West Texas Intermediate (WTI) crude declined 3.2% to $84.88 a barrel. Front-month Brent crude futures had decreased by 4.3%, settling at $86.50 per barrel, while front-month WTI crude futures also dropped by 4.3%, now at $83.76 per barrel. The market reaction follows President Donald Trump's announcement that the U.S. has agreed to a peace deal with Iran, allowing the reopening of the Strait of Hormuz and removing oil sanctions on Iran. This development has reduced concerns over oil supply disruptions from the region and eased fears that the conflict would […]

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US and Iran to sign peace deal Sunday as Strait of Hormuz opens

The United States and Iran are close to signing a landmark peace memorandum that could mark a major breakthrough in relations between the two nations. Pakistani Prime Minister Shehbaz Sharif, who has been mediating the talks, announced that a final agreed-upon text of the peace deal has been reached, with only the next steps needing clarification. The deal is expected to be signed on Sunday, June 14, 2026, with Geneva emerging as the most likely venue for the signing. US President Donald Trump has said that a deal between the United States and Iran is scheduled to be signed tomorrow, and that immediately after the agreement is signed, the Strait of Hormuz will be "open to all." The deal is expected to reopen the Strait of Hormuz, extend the current ceasefire, and begin negotiations on Iran's nuclear programme. Under the […]

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