A peace deal between Iran and the United States has been signed, according to Pakistani Prime Minister Shehbaz Sharif, who acted as a key mediator. The agreement, signed by both countries’ presidents and endorsed by Sharif, immediately reinstates free passage through the Strait of Hormuz. In return, the US is lifting its naval blockade of Iran. This development follows a conflict initiated at the end of February involving the US, Israel, and Iran. Sharif announced the agreement via social media on Thursday morning, signaling an end to recent hostilities. Further details of the memorandum have not yet been released.