The US and Iran have agreed to an immediate and permanent end to military operations, with plans to reopen the Strait of Hormuz and ease sanctions.

US and Iran agreed to an “immediate and permanent” end to military operations under a surprise memorandum of understanding, announced via mediator Pakistan on Sunday, with both sides confirming a signing ceremony in Switzerland. The agreement includes plans to reopen the Strait of Hormuz, ease sanctions, and begin further negotiations over nuclear issues.