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News Desk: After months of conflict that rattled global energy markets and heightened fears of a wider Middle East crisis, the United States and Iran have announced a landmark peace agreement, triggering relief across world capitals and a sharp rally in financial markets.

US President Donald Trump declared that Washington and Tehran had reached an agreement to end hostilities, reopen the strategically vital Strait of Hormuz, and begin a new phase of negotiations aimed at addressing broader disputes, including Iran’s nuclear programme and sanctions relief. The agreement is expected to be formally signed later this week (might be on 19 June) in Switzerland.

In a post on Truth Social, Trump declared: “The Deal with the Islamic Republic of Iran is now complete.”

“Congratulations to all! 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. Ships of the world, start your engines. Let the oil flow!” Trump wrote.

Describing it as a “great deal,” Trump said the agreement would bring peace and security to the region.

Global Leaders Hail Diplomatic Breakthrough

The announcement was welcomed by leaders across Europe, Asia and the Middle East, many of whom described it as a critical step toward restoring stability in one of the world’s most volatile regions.

United Nations Secretary-General António Guterres praised the ceasefire and urged all parties to implement the agreement fully. Leaders from Britain, France, Germany, Italy, Japan, Australia and New Zealand also welcomed the development, emphasizing the importance of diplomacy, regional security and freedom of navigation through the Strait of Hormuz. The European Union called for swift implementation of the accord, while Turkish President Recep Tayyip Erdoğan urged restraint to ensure the peace process remains on track.

The peace initiative reportedly includes a 60-day framework for further negotiations, raising hopes that a more comprehensive settlement could emerge in the coming months.

Global Markets Celebrate

Financial markets reacted immediately to the easing of geopolitical tensions.

Global stock indices surged as investors welcomed the prospect of stable energy supplies and reduced risks to global growth. In the United States, major stock futures jumped sharply, while Asian markets posted some of their strongest gains in months. Japan’s Nikkei and South Korea’s Kospi both recorded significant advances amid renewed investor confidence.

Indian markets also joined the rally. The Sensex soared more than 1,100 points and the Nifty crossed the 24,000 mark, with investors adding nearly ₹8 lakh crore in market value in a single trading session. Analysts cited the US-Iran peace framework and falling crude oil prices as major drivers behind the surge.

Oil Prices Fall as Hormuz Reopening Nears

One of the most immediate impacts of the peace deal was seen in energy markets.

Brent crude and US benchmark WTI crude both fell sharply after traders began pricing in the reopening of the Strait of Hormuz, through which roughly one-fifth of the world’s oil supply passes. Oil prices had remained elevated during the conflict due to concerns over supply disruptions, but expectations of restored shipping routes triggered a rapid sell-off.

Economists believe lower oil prices could help ease inflationary pressures worldwide, particularly for large energy-importing economies such as India, Japan and several European nations.

Cautious Optimism Ahead

Despite the celebratory mood, analysts caution that the agreement remains a framework rather than a final settlement. Key issues—including Iran’s nuclear programme, sanctions relief and long-term security arrangements—will be addressed during the upcoming negotiation period.

Nevertheless, the announcement marks the most significant diplomatic breakthrough since the conflict began earlier this year. For now, governments, investors and energy markets are embracing the prospect of peace, hoping the agreement will bring lasting stability to the Middle East and relief to the global economy.

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