• The US and Iran have agreed on a peace deal to end over 100 days of conflict.
• Key provisions include the reopening of the Strait of Hormuz and ending the US naval blockade of Iranian ports.
• A formal signing ceremony is scheduled for June 19 in Switzerland.
• The agreement specifies a 60-day ceasefire with further negotiations on Iran's nuclear program.
• Global leaders have welcomed the deal as a significant step towards regional stability.

The United States and Iran have reached a tentative agreement to end more than 100 days of conflict, as confirmed by both US President Donald Trump and Iranian officials. Pakistani Prime Minister Shehbaz Sharif announced that a formal signing ceremony is set for June 19 in Switzerland, reflecting the culmination of intensive negotiations mediated by Pakistan and Qatar. "The Deal with the Islamic Republic of Iran is now complete," Trump posted on his Truth Social platform, highlighting the expectation of lifting the US naval blockade and reopening the crucial Strait of Hormuz for shipping, a vital passage for global oil supplies, according to Channel News Asia and Reuters.

The agreement promises an immediate halt to military operations on all fronts, including Lebanon, where Iranian-backed Hezbollah has been involved in clashes with Israeli forces. US Vice President J.D. Vance emphasized that the deal would extend the current ceasefire for 60 days and introduced a structure for further negotiations regarding Iran's nuclear program. Vance stated that Iran must never possess nuclear weapons, affirming the commitment of the United States to achieve long-term security in the region, as reported by South China Morning Post and BBC.

Global reactions to the deal have been largely positive, with leaders from the UK, France, Germany, and Italy expressing their support. In a joint statement, they highlighted the importance of the deal for ending hostilities and emphasized the need for clear verification mechanisms regarding Iran's nuclear commitments. The United Nations Secretary-General, António Guterres, labeled the signing of this agreement as a "critical step" towards a peaceful resolution of the longstanding conflict, according to Al Jazeera and India Times.

Despite the optimism surrounding the agreement, significant uncertainties remain regarding the Israeli response to the deal, particularly in relation to ongoing military operations. Israeli officials have indicated their intent to maintain military positions in Lebanon, raising questions about compliance with the ceasefire terms. This has led analysts to caution that the agreement's success may hinge on Israel's actions in the region. Iranian Deputy Foreign Minister Kazem Gharibabadi expressed hope that further negotiations would advance the sanctions relief framework during the ceasefire period, as highlighted by South China Morning Post and Al Jazeera.

Overall, the framework of the deal appears to allow for the potential reduction of hostilities and a strategic reopening of essential maritime routes, yet the complex geopolitical dynamics, especially involving Israel and Hezbollah, will also need careful management during the ensuing negotiations, as noted by NPR and Al Jazeera.