Summary
The US and Iran have agreed a deal to end the war, which mediator Pakistan says will be signed on Friday in Switzerland
Donald Trump says ships are “starting to move” again through the Strait of Hormuz, though BBC Verify analysis suggests we are yet to see a major spike in traffic
US markets opened sharply higher after the news. Oil prices have fallen – and there is “now every chance of avoiding a prolonged energy shock”, writes the BBC’s Faisal Islam
The deal includes an end to “military operations” in Lebanon, which has welcomed it. Iran describes the end of the war there as an “inseparable” part of the agreement
However, Israel says its forces will remain in the country indefinitely
President Donald Trump and Vice President JD Vance both virtually signed the Memorandum of Understanding with Iran, a senior US administration official says.
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf signed the document for the Iranian side, the official said.
A formal signing ceremony will still occur on Friday, the official said.
What happened in the run-up to the announcement of the US-Iran agreement
By Catherine Nicholls
Yesterday, US President Donald Trump announced that “the Deal with the Islamic Republic of Iran is now complete. Congratulations to all!”
The announcement came more than 15 weeks since the war between the US, Israel and Iran began, and during a fragile ceasefire that was tested by several exchanges of fire.
Here’s what happened yesterday in the run-up to the announcement:
Israel carried out airstrikes on Hezbollah strongholds in southern Beirut in what it said was a response to fire into northern Israel. The attack marked the fourth time Israel attacked the Lebanese capital since a previous ceasefire with the country went into effect in mid-April.
Israel informed the US in advance of the strike, an Israeli source told CNN. In a social media post, Trump said that the attack “should not have happened.”
During a phone call with CNN political and global affairs analyst and Axios reporter Barak Ravid, Trump expressed his disagreement with Israeli Prime Minister Benjamin Netanyahu’s decision to strike Beirut, telling Ravid that “(Netanyahu) has no f**king judgement. I let him know that.”
Meanwhile, Qatari negotiators in Tehran stayed there to ensure talks remained on track, a diplomat with knowledge of the situation told CNN.
Pakistani Prime Minister Shehbaz Sharif announced on Sunday evening ET that “the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED.”
Trump shortly thereafter made his announcement about the agreement on Truth Social. In another post about an hour later, he wrote that “this Great Deal will bring Peace and Security to the whole Region. Many presidents have tried to make Peace with Iran, and all have failed before me.”
Iran’s deputy foreign minister for legal and international affairs said the text of a memorandum of understanding with the US had been finalized and would be formally signed Friday in Switzerland.
CNN’s Alejandra Jaramillo, Tim Lister, Eugenia Yosef, Charbel Mallo, Tal Shalev, Julia Benbrook, Casey Gannon, Mostafa Salem, Mohammed Tawfeeq and Max Saltman contributed to this reporting.
— BBC/CNN
