Editor's note: This is a developing story and is being updated. The details of the peace agreement were not immediately available. The United States and Iran have reached a peace agreement to end ongoing hostilities, U.S. President Donald Trump announced on June 14. "The Deal with the Islamic Republic of Iran is now complete," Trump wrote on Truth Social. "Ships of the World, start your engines. Let the oil flow," Trump added, referring to the closure of the Strait of Hormuz. Pakistan's Prime

Peace negotiations between the US and Iran have dragged on for around a month, with Trump offeri ng conflicting comments.

Oil prices have surged as shipping in the Strait of Hormuz has been cut off.

Trump said “The Deal with the Islamic Republic of Iran is now complete” in the announcement on Truth Social. “Congratulations to all!”

Donald Trump has confirmed the US and Iran have reached a peace deal.