The United States and Iran reached an initial agreement early Monday to open the Strait of Hormuz and further extend a shaky ceasefire in the Iran war, potentially allowing desperately needed oil and natural gas to reach the global market.

President Trump announces Iran deal is complete after weeks of failed assurances, but critics call it a surrender document with vague details still hidden.

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

"The official signing ceremony will be on Friday, 19 June in Switzerland," announced Pakistani Prime Minister Shehbaz Sharif.

President Donald Trump marked his 80th birthday on Sunday by hailing an initial agreement to end the war in Iran and staging a once unfathomable cage-fighting show on the storied South Lawn of the White House.

Iran proved it can close the Strait of Hormuz, but the US is advertising very loudly that the world’s top superpower can at least punch open a hole The stock market is on the brink of doing something that hasn't been observed since 1871 -- and even Wall Street analysts are worried Russia's military hackers targeted home routers across 23 states.

Iran circulated competing versions of a proposed interim agreement with the US, even as President Donald Trump stuck to his Sunday timeline to sign a deal.

Pakistan says the United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy more than three months since the war began. Full details of the deal were not immediately available.