A significant peace deal has been struck between the United States and Iran. This agreement aims to end their war and reopen the vital Strait of Hormuz. International leaders have welcomed the development, expressing hope for reduced energy prices and a more stable Middle East. The pact also includes provisions for further negotiations and a framework for future discussions.

US and Iran appear close to a deal to end their war and reopen the Strait of Hormuz

President Donald Trump said the Strait of Hormuz would reopen upon the deal’s signing on Friday.

In a social media post, Trump said the strait would be open "toll free" and that the US naval blockade would also end.

The United States and Iran have agreed on a peace framework aimed at ending the conflict, lifting the U.S. blockade of Iran and reopening the Strait of Hormuz, a key global oil…