US and Iran announce deal to end military operations as Trump says 'let the oil flow!' - follow live

How quickly shipping will return to Strait of Hormuz remains to be seenpublished at 00:08 BSTJonathan JosephsBBC business reporter Donald Trump's post suggests that the Strait of Hormuz will reopen as part of what has been agreed with Iran.It’s a vital waterway for global trade - before the conflict 20% of oil and gas supplies flowed through the Strait.But it's likely to take some time before maritime traffic returns to pre-war levels because shipping companies will want to see that the deal is holding.The world's biggest shipping lines have repeatedly emphasised that the safety of their crews and vessels is their top priority.The first movements are likely to be eastwards so that the approximate 2,000 ships with some 20,000 seafarers can leave the Persian Gulf for the first time since the fighting began at the end of February.The most relevant precedent is the closure of the Red Sea route in the aftermath of October 7 attacks. After that it took the major shipping lines two years to start to phase in a return. It's likely the return to the Strait of Hormuz will be faster because it is more important to global trade and there is no alternative route.But how quickly that happens remains to be seen.Image source, Reuters Macron says G7 leaders to discuss reopening of Strait of Hormuzpublished at 23:59 BST French President Emmanuel Macron says G7 leaders, who are meeting this week in the French resort town of Evian, will discuss the long-term reopening of the Strait of Hormuz as part of the US-Iran deal. "The aim will be to see the consequences of this agreement, support for Lebanon, the lasting reopening of Hormuz and of course the concluding of an accord on nuclear and ballistic activities in Iran," Macron said in a video on Instagram.Leaders from Britain, Canada, Germany, Italy, Japan and the United States are meeting from Monday 15 June for the three-day summit with other countries such as India and Brazil also taking part in the gathering.

Iran top military command frames the deal as 'defeat' for US, Israelpublished at 23:51 BSTGhoncheh HabibiazadSenior reporter, BBC Persian Iran's top military command, Khatam al-Anbiya Central Headquarters, has said that Iranians, together with the country's armed forces and Tehran's proxies and allies in the region, have shown the US and Israel that they have "no option but to accept defeat and surrender".The statement is in line with the way Iran's state television has been trying to portray the deal as a victory for Iran. There had been mounting criticism within Iran from hardliners opposed to the deal.Some of those who criticised the deal accused Iran's foreign minister and parliament speaker, both of whom played key roles in the negotiations, of "betraying" Iran's late Supreme Leader, Ayatollah Ali Khamenei, who was killed in US-Israeli strikes on the first day of the war, on 28 February.Khamenei had said weeks before his death that negotiations with US were not "wise" and would not "resolve" the country’s problems. Trump says 'oil will flow' once peace deal is signed on Fridaypublished at 23:42 BST US President Donald Trump has just posted again about the US-Iran agreement, saying he has succeeded where others have failed."This Great Deal will bring Peace and Security to the whole Region," he writes on Truth Social. "Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace."With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!" Starmer describes deal as 'a hugely important step'published at 23:39 BST Responding to news of an Iran peace deal, UK Prime Minister Sir Keir Starmer calls it "a hugely important step forward in ending the war, ensuring regional stability, and re-opening the Strait of Hormuz". "I congratulate President Trump and the mediators from Pakistan, Qatar and elsewhere who have contributed to this breakthrough. We have long urged de-escalation and this is the progress we had hoped to see.

"We are clear that toll-free freedom of navigation must now be restored in the Strait of Hormuz, to begin easing the severe economic impacts that have been felt for several months – on families here in the UK and around the world."We will continue to work with partners to support this – including, if required, through standing up the defensive, independent multilateral mission which the UK and France have taken a leading role in planning up to this point, particularly to offer support on mine clearance in an agreed way."For any peace to endure, it is essential that the commitments made, particularly in relation to Iran’s nuclear programme, are robust, verifiable, and fully implemented. It remains the UK's firm and longstanding position that Iran must never have a nuclear weapon." Qatar welcomes agreement between US and Iranpublished at 23:33 BST Image source, Getty ImagesThe prime minister of Qatar, who acted as a mediator alongside Pakistan, has welcomed the agreement between the US and Iran."We extend our thanks to our brothers in the Islamic Republic of Pakistan," Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani writes on X."We look forward to all parties engaging in the forthcoming negotiations in a positive and constructive spirit that will help consolidate this progress and build upon it." Vance to attend signing in Geneva - AFPpublished at 23:28 BST AFP is reporting that US Vice-President JD Vance plans to attend the deal signing in Geneva on Friday, and it is possible Trump will also sign.Media outlets in the US in recent days had reported that Vance would be the most likely person to travel to an in-person signing of the agreement and that it was expected to be in Vienna, inspiring many to closely track the vice-president's movements as well as the positioning of US aircraft. Details remain scarce on US-Iran dealpublished at 23:24 BSTAnthony ZurcherNorth America correspondent The announcement of an Iran deal has provided Donald Trump with a very welcome birthday present – although one that comes wrapped in uncertainty.In his social media post heralding the agreement, the US president said that the Strait of Hormuz would be open to commercial shipping and the US would lift its naval blockade. “Let the oil flow!” Trump exclaimed.Beyond that, however, details are scarce.

It appears that the fate of Iran’s nuclear programme – Trump’s stated reason for beginning the war – is subject to further negotiation. And if there’s one thing clear after decades of efforts to cajole and coerce Iran into giving up its nuclear ambitions, there are no guarantees that progress will me made even if a "memorandum of understanding" sets out the framework for diplomatic talks.At minimum, however, Sunday’s deal should help alleviate, if not entirely remove, some of the strain that the ongoing conflict had placed on the global economy – and some of the political pressure that has been building on Trump as a result. It helps return things to the way they were before the start of the war, even if Trump’s larger goals remain unrealised for now. Iran's deputy foreign minister says peace deal to be signed on Friday - state media reportspublished at 23:13 BST Iran's Deputy Foreign Minister Kazem Gharibabadi has confirmed in a phone call on state TV that a deal with the US has been finalised and the official signing will happen in Switzerland on Friday. "An immediate and permanent end to the war and military operations on different fronts including Lebanon will be announced tonight," he says.He adds that the US naval blockade against Iran will also be lifted tonight. Israel and Hezbollah is key to whether this deal will lastpublished at 23:00 BSTJoe InwoodWorld news correspondent Getting to this point has taken weeks of careful negotiation, with Pakistani mediators balancing the competing, often contradictory, demands of Tehran and Washington.In the end, they seem to have managed to get both sides to agree to the same deal, reopening the Strait of Hormuz and lifting the US blockade, according to Trump, and ending the fighting - including in Lebanon.What is interesting about the brief statement by Pakistan’s Prime Minister, Shabaz Sharif, is that it makes no direct mention of Israel or the Lebanese armed group Hezbollah.The fighting between the two has been - and remains - the most likely flashpoint in the region, as has been demonstrated once again today.Getting them to go along with this deal - which will be signed on Friday - is vital if it is to last.

At the White House, there's little sign of Donald Trump - yetpublished at 22:57 BSTBernd Debusmann JrWhite House reporter I'm currently at the White House, which has been buzzing with activity for much of the afternoon as it gears up for the highly anticipated UFC "Freedom 250" event on the South Lawn in a few hour's time. While we heard from President Trump on Truth Social, we haven't seen him on-camera yet today. According to his publicly available schedule, Trump is currently participating in a family dinner at the White House. He will later attend a VIP reception for the UFC event, before headed out to the South Lawn for the fights at approximately 1945e (0145b). If we do hear from him, he's likely to claim a victory, both in the war and the subsequent negotiations. While he'd been publicly dismissive of domestic pressures, poll after poll has shown that many Americans are concerned with petrol prices. Any indication that a meaningful deal has been reached will come as a relief to them - and to the administration. Iran yet to comment on peace deal but state media shares newspublished at 22:50 BSTGhoncheh HabibiazadSenior reporter, BBC Persian Image source, IRINNIran state TV news channel has announced that a deal has been reached between Iran and the US, but attributed the news to the statement by Pakistan’s Prime Minister.In the announcement by state TV, the presenter says that the US “was forced to sign an agreement to end the war with the Islamic Republic of Iran and the Resistance Front”.State TV and some Iranian outlets are framing the deal as a victory for Iran. We are yet to see an Iranian official commenting on reaching the agreement. Trump confirms deal with Iran has been reachedpublished at 22:33 BSTBreaking Image source, Getty ImagesUS President Donald Trump has confirmed Pakistan's report that the US and Iran have reached a deal."The Deal with the Islamic Republic of Iran is now complete," he writes on Truth Social."I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade," he says."Ships of the World, start your engines.