By JAN YUMUL in Hong Kong and CUI HAIPEI in Dubai, UAE |

China Daily |

Displaced people pack their belongings in the southern port city of Sidon, Lebanon, on Monday as they prepare to return to their village, after an initial ceasefire agreement was announced between the United States and Iran. The peace accord includes halting military operations across all fronts and reopening the Strait of Hormuz, which could end the months-long war that has killed thousands and rattled the global economy. MOHAMMED ZAATARI/AP

With Iran and the United States reaching an agreement to end the war "permanently" on various fronts, the two have now taken a critical step toward a peaceful settlement and restoring safety in a vital maritime corridor, experts said.

They also hope that all relevant parties will stay committed to the choice of peace and resolve issues through dialogue and negotiation.