Deal to end di fight between di US and Iran dey "scheduled to get signed" on Sunday, according to President Donald Trump. US President Trump say di deal go mean no nuclear weapon, but Iran don cast doubt on di timing.

The deal is a major breakthrough in the conflict that set the Middle East aflame and shook the global economy. However, it did not resolve critical issues set aside for further negotiations.

Live coverage as Iran and the U.S. reach a deal, the Strait of Hormuz will reopen, Israel-Lebanon conflict uncertain and markets react.

Pakistan, a key mediator, says the agreement will end "military operations on all fronts" and be signed on Friday in Switzerland.

Brent crude fell more than 4%, West Texas Intermediate futures were down 5% and European atural-gas prices also tumbled, with the European benchmark—down 5.3% on the news.

The U.S. and Iran have agreed to open the critical waterway that has rattled the global economy and enter into a 60-day ceasefire. The accord brings relief, but the thorniest issues at the root of the conflict remain to be resolved.

Both sides declare "the immediate and permanent termination of military operations on all fronts, including in Lebanon", Pakistan says.

The US and Iran say they have reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and halting a war that killed thousands of people and roiled the global economy.