US President Donald Trump has announced that the United States and Iran have completed a peace agreement aimed at ending months of regional conflict and restoring the free flow of global trade through the Strait of Hormuz.

In a statement posted on social media, Trump said both countries had agreed to an immediate and permanent halt to military operations across all fronts, including Lebanon.

“The deal with the Islamic Republic of Iran is now complete. Congratulations to all,” Trump wrote, adding that he had authorized the immediate removal of the US naval blockade and approved the full reopening of the Strait of Hormuz for commercial shipping.

“Ships of the world, start your engines. Let the oil flow,” Trump said, signaling the resumption of energy shipments through one of the world's most important maritime routes.

The Strait of Hormuz handles nearly one-fifth of global oil shipments and has been at the center of rising geopolitical tensions in recent months. Concerns over disruptions to energy supplies had triggered sharp increases in global oil prices.

According to officials, the agreement represents an initial framework that will be followed by technical negotiations and implementation discussions over the coming weeks. Key issues, including Iran's nuclear programme and sanctions relief, are expected to be addressed during future talks.

Pakistani Prime Minister Shehbaz Sharif also confirmed the breakthrough, saying the formal signing ceremony is scheduled to take place in Switzerland later this week.

Analysts say the agreement could help stabilize global energy markets and ease fears of further disruptions in the Middle East.