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US and Iranian officials said they had agreed on a framework to end the war, halt the US blockade of Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran’s nuclear programme to further negotiations.

“The Deal with the Islamic Republic of Iran is now complete,” US President Donald Trump wrote on his Truth Social platform around 5:30pm ET local time in Washington (2130 GMT) on Sunday.

His post came shortly after Prime Minister Shehbaz Sharif announced a deal had been struck early on Monday local time.

PM Shehbaz said in a post on X that “following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon”.