A peace agreement between the United States and Iran has been announced, reportedly resolving armed conflict in the Middle East. The deal, confirmed by Pakistani Prime Minister Shehbaz Sharif, centers on reopening the strategically vital Strait of Hormuz. Former US President Donald Trump has claimed to have brokered the agreement. The Strait of Hormuz is a critical waterway for global oil supply, and its closure would have significant economic repercussions. Details of the agreement remain limited, but the announcement signals a potential de-escalation of tensions in the region. This development follows a period of heightened instability and military posturing in the Middle East.