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AAP
AAP

Iran, US agree to halt war, sending oil prices tumbling

US and Iranian officials have reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Tehran's ‌nuclear program to further negotiations.

While still a framework, the deal marked the biggest breakthrough towards resolving the conflict that has killed thousands and upended energy markets since it began with joint US-Israeli strikes on Iran in February.

"The Deal with the Islamic Republic of Iran is now complete," US ‌President Donald Trump wrote on his Truth Social platform.

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