US-Iran Peace Deal Locked In: Hormuz Strait Set to Reopen, Oil Prices Tumble — Here's Everything in the Agreement The United States and Iran have agreed on a draft peace deal to be signed Friday in Geneva, clearing the way for the Hormuz Strait to reopen and requiring Israel to halt its military operation in Lebanon. The standoff over Iran had rattled the entire world's energy supply, but amid that very crisis comes a major piece of good news. The United States and Iran have reached agreement on the draft of a peace deal, and on Friday both sides will formally sign it in Geneva, Switzerland. The most consequential part of the deal: once it takes effect, the path will be cleared for the Hormuz Strait to reopen, and Israel will be required to stop its ongoing military operation in Lebanon. The Root of the Crisis: Hormuz Strait and a Choked Energy Supply The war over Iran had pushed West Asia into serious tension, and its worst fallout landed on the Hormuz Strait — known as the 'energy corridor' — where the movement of ships carrying gas and oil was thrown off course. As a result, India and many other countries around the world began feeling a shortage of LPG along with petrol and diesel. The situation deteriorated to the point where some countries had to declare a state of emergency. That is precisely why news of this route reopening is being viewed as major relief on a global scale. Who Confirmed It, and Who Brokered It This significant agreement, aimed at ending the long-running conflict between Washington and Tehran, has been confirmed by US President Donald Trump and Iranian officials. Notably, Pakistan played the role of mediator throughout the process, and Prime Minister Shehbaz Sharif himself announced the deal. What the Agreement Lays Out Under the deal, a ceasefire will be enforced and both sides will halt their military operations. According to Pakistan, the agreement provides for an immediate and permanent end to military activity on all fronts. Crucially, it also covers the conflict tied to Lebanon — widely regarded as the thorniest and most difficult issue in the talks. President Trump stated plainly that the agreement with Iran is now fully ready. Announcing it on social media, he said the Strait of Hormuz would be reopened starting Friday. Alongside that, the United States will lift the blockades it had imposed on Iranian ports. Oil Markets React Instantly The Strait of Hormuz is considered extremely vital to the world's oil trade, and it was precisely because Iran had effectively kept it shut for several months that energy prices had been surging. Its reopening is therefore expected to bring major relief to the global energy market. As soon as news of the agreement broke, the international oil market responded positively — Brent crude prices fell by roughly 4 percent, while US West Texas Intermediate (WTI) crude dropped by more than 4.6 percent. That has raised hopes of easing pressure on global inflation. A 60-Day Window and the Nuclear Tangle According to Iran's Deputy Foreign Minister Kazem Gharibabadi, negotiations on a comprehensive agreement will move forward during the 60-day ceasefire. That period will involve discussions on sensitive matters such as sanctions relief, economic cooperation and Iran's nuclear program, with temporary arrangements staying in place until a final solution is reached. Per the draft, the United States may agree to release around 25 billion dollars of Iran's frozen assets. In return, Iran will give assurances that it will neither develop nuclear weapons nor expand its uranium enrichment program. That said, differences between the two countries over the nuclear program still persist. Tensions Not Fully Over Despite this major announcement, regional tensions have not entirely subsided. An Israeli strike in Lebanon on Sunday cast doubt over the peace process itself. Iran held the United States partly responsible for the attack and warned of a strong response, while Trump too described the strike as unjustified. Israel's Separate Stance It is worth noting that Israel is not a formal party to this proposed US-Iran agreement. Differences between Prime Minister Benjamin Netanyahu and Trump over military action in Lebanon have come out into the open. Israel maintains that it will retain the freedom to continue acting in line with its own security needs. Politics Heat Up in Both Countries The deal has intensified political debate in both the United States and Iran. In America, rising fuel prices had piled pressure on the Trump administration, while in Iran hardline factions are openly opposing the agreement. Protests broke out in several cities, and slogans were even raised against Foreign Minister Abbas Araghchi. What this means for you How this hits your wallet: • Across India: With the Hormuz Strait reopening and Brent crude down about 4%, the shortage of LPG, petrol and diesel could ease in the coming days and pressure on fuel prices may soften. • For investors: Falling crude prices offer relief for markets — especially companies dependent on oil imports — and raise hopes of cooler inflation ahead. https://trendkia.com/en/america/amerika-irana-shanti-samajhauta-taiyara-hormuja-s-treta-phira-khulega-tela-kimat-882 TrendKia — Har trend, sabse pehle.