Pakistan announces U.S.-Iran peace breakthrough

The United States and Iran have reached a deal to end their war and will hold an official signing ceremony on Friday in Switzerland, Pakistani Prime Minister Shehbaz Sharif said on social media early on Monday.

"The Deal with the Islamic Republic of Iran is now complete," Trump wrote on his Truth Social platform shortly after Sharif made his announcement.

The precise terms of the deal were not immediately known. Sharif said the pact called for "the immediate and permanent termination of military operations on all fronts, including in Lebanon". 

Multiple sources previously said that the draft deal would reopen the Strait of Hormuz, end the U.S. blockade of Iranian ports and extend a ceasefire, while leaving Iran's nuclear program to be addressed during a 60-day period of additional talks.

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

"Ships of the World, start your engines. Let the oil flow!" Trump wrote.