The US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for 60 days of negotiations on the fate of Tehran’s nuclear program.

"The Deal with the Islamic Republic of Iran is now complete," President Donald Trump said in a social media post. "Congratulations to all!"

A memorandum of understanding is to be signed on Friday in Switzerland and will include plans to reopen the Strait of Hormuz, but precise details are still unclear.

President Trump said the peace deal between the United States and Iran is complete and will be signed on Friday.

Oil prices fell and U.S. stock-index futures jumped Sunday after President Donald Trump said the U.S. has agreed to a peace deal with Iran, apparently ending months of hostilities that shut the Strait of Hormuz and sent the global economy into an oil shock.

A deal between the United States and Iran has been reached, President Donald Trump announced Sunday. The President added that the U.S. naval blockade would be removed from the Strait of Hormuz. NBC News’ Keir Simmons has the latest.

President Donald Trump and Pakistani Prime Minister Shehbaz Shafir announced Sunday that the United States and Iran have come to a peace agreement.

Good morning, we’re starting the week with the breaking news that the US and Iran have reached a peace deal, including the end of military operations and the toll-free reopening of the Strait of Hormuz.