US-Iran Peace Framework Reached as Strait of Hormuz Reopening Lifts Global Market Sentiment

The United States and Iran have reached a preliminary agreement aimed at ending months of conflict, with an official signing ceremony expected in Switzerland on Friday. The framework was announced by U.S. President Donald Trump and confirmed by Pakistani Prime Minister Shehbaz Sharif, whose government played a key mediation role during negotiations.

According to officials, the memorandum of understanding calls for the immediate and permanent end of military operations across multiple fronts, including Lebanon. Iran’s Supreme National Security Council also indicated that military actions would cease under the agreement.

Strait of Hormuz Reopening Supports Global Markets

One of the most significant parts of the deal is the planned reopening of the Strait of Hormuz, a vital route for global oil and gas shipments. Trump also announced the end of the U.S. blockade of Iranian ports.

The news pushed Brent crude oil prices down more than 4%, while stock markets across Asia moved sharply higher as investors welcomed easing geopolitical tensions.

Nuclear Talks and Sanctions Relief Still Ahead

While the agreement establishes a 60-day ceasefire period, major issues remain unresolved. Future negotiations will focus on Iran’s nuclear program, uranium enrichment activities and sanctions relief.

Reports indicate the proposed framework includes potential oil sanctions waivers, the release of up to $25 billion in frozen Iranian assets and a roadmap toward broader economic cooperation. However, details of the final agreement are still subject to negotiation, and discussions over Iran’s enriched uranium stockpile are expected to be among the most challenging issues in the next phase of talks.