U.S. President Donald Trump says the United States and Iran have reached a peace deal that is now “complete,” with an agreement aimed at ending fighting and reopening the Strait of Hormuz. In posts on social media, Trump also authorises the strait to open “toll free,” and says the U.S. naval blockade will end immediately. Multiple outlets report that Pakistan, acting as mediator, confirms the deal has been reached. They also say the signing is scheduled for Friday in Switzerland, though several reports note that full details of the agreement are not yet available. Reporting also indicates that the U.S. had previously planned to ease its blockade of Iranian ports as the strait reopens, and to allow changes connected to Iranian oil sales, but the specific terms were not described in the initial announcements. Sources are consistent that the prospective reopening of the strait is intended to reduce disruption to global shipping and energy flows, but there is uncertainty about how quickly normal traffic may resume and what the exact timelines will be.