Washington, June 15 (Sputnik/UNI)

US President Donald Trump on Sunday confirmed that an agreement had been reached with Iran, describing it as a significant diplomatic breakthrough.

"The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!" Trump wrote on his Truth Social platform.

Following the announcement, Trump said he had authorised the reopening of the strategically vital Strait of Hormuz and ordered the immediate removal of the US naval blockade.

"I hereby fully authorise the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorise the immediate removal of the United States Naval blockade. Ships of the world, start your engines. Let the oil flow!" Trump said in a post on social media.

Earlier, Pakistan Prime Minister Shehbaz Sharif had announced that a peace agreement between the United States and Iran had been successfully negotiated. According to Sharif, both sides agreed to an immediate and permanent cessation of military operations on all fronts, including Lebanon.

"Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and the Islamic Republic of Iran has been reached," Sharif said in a post on X.

He added that the two countries would formally sign the agreement in Switzerland on June 19.

"Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon. The official signing ceremony will be on Friday, June 19, in Switzerland," Sharif stated.

The Strait of Hormuz, one of the world's most important oil transit routes, has long been a focal point of tensions in the Gulf region. The reported agreement and reopening of the waterway could have significant implications for global energy markets and regional stability.

In a major development that could reshape geopolitical dynamics in South Asia, Pakistan Prime Minister Shehbaz Sharif on Thursday hailed a new trade agreement between Islamabad and Washington as “historic.” The deal, aimed at jointly developing Pakistan’s untapped oil reserves, was announced by former U.S. President Donald Trump, who also used the opportunity to mock India amid escalating trade tensions between New Delhi and Washington.

Trump’s Strategic Move and Hidden Message to India

On Wednesday, Donald Trump revealed via Truth Social that the U.S. has signed a new agreement with Pakistan to collaborate on developing the South Asian nation’s vast oil reserves. While announcing the deal, Trump didn’t miss the chance to taunt India, saying:

“We’re in the process of choosing the oil company that will lead this partnership. Who knows maybe someday they’ll sell oil to India!”

This remark comes on the heels of Trump’s announcement to impose a 25% tariff on Indian goods starting August 1, citing India’s growing trade and defense cooperation with Russia and China as the primary reason.

PM Shehbaz Sharif’s Statement

In a post on social media, Prime Minister Sharif thanked Donald Trump for his "leadership role" in finalizing the trade agreement, calling it a milestone in U.S.–Pakistan relations.

“I want to extend my heartfelt thanks to President Trump for his leadership in finalizing this historic U.S.–Pakistan trade agreement, successfully concluded in Washington last night,” Sharif wrote.
“This agreement will strengthen our growing cooperation and broaden the scope of our enduring partnership in the coming days.”

Details of the Agreement

According to Radio Pakistan, the breakthrough came during meetings between Pakistan’s Finance Minister Muhammad Aurangzeb, U.S. Commerce Secretary Howard Lutnick, and U.S. Trade Representative Ambassador Jamieson Greerin Washington, D.C.

Trump, in his post, said: “We’ve just signed a deal with Pakistan to jointly develop their massive oil reserves. This marks a new chapter in our economic collaboration.”

Pakistan’s Untapped Oil Potential

Pakistan has long claimed to have significant oil reserves along its coast, but there has been minimal progress in exploiting them. The country currently relies heavily on Middle Eastern oil imports to meet its energy needs. This agreement is seen as a potential turning point for Pakistan’s energy independence and industrial growth.

Implications of the Trade Deal

The agreement is aimed at:

• Boosting bilateral trade

• Expanding market access

• Attracting U.S. investments

• Enhancing cooperation in energy, mining, IT, cryptocurrency, and more

The deal is expected to:

• Lower mutual tariffs, particularly on Pakistani exports to the U.S.

• Improve infrastructure investment in Pakistan

• Strengthen bilateral economic ties

A Broader Strategy at Play

While the deal enhances U.S.–Pakistan cooperation, it is also widely viewed as a strategic signal to India, especially given the backdrop of the new tariffs and Trump's criticism of India’s defense ties with Russia.

With both New Delhi and Islamabad now drawing different kinds of attention from Washington, experts say this move could reshape South Asia’s trade and diplomatic landscape.

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