A peace agreement between the United States and Iran has been reached, President Donald Trump and Pakistani Prime Minister Shehbaz Sharif announced Sunday, with Iranian state media broadcasting the announcement.

There has been no public statement from Iranian leadership.

“The Deal with the Islamic Republic of Iran is now complete,” he said. “Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!”

Sharif made a similar announcement minutes before Trump’s statement.

“Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED,” Sharif said on X.

He continued, “Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.”

A signing was scheduled for Friday, Sharif said.

No other details of the agreement were immediately available.

The agreement is intended to bring a halt to the U.S. and Israel’s war against Iran, which began on Feb. 28, marked by the assassination of Supreme Leader Ayatollah Ali Khamenei and U.S.-Israeli strikes across Iran.

A ceasefire was agreed in April to allow for negotiations, though both sides have continued with some strikes amid a dispute over the Strait of Hormuz, a vital trade route through which some 20% of the world’s oil passed before the war.

Sharif said “pre-implementation discussions” would take place in the interim. It was not clear what that entailed.

Trump, Iranian officials, and key mediator Pakistan said a memorandum of understanding was close heading into the weekend.

In a story published Sunday, Trump told the Wall Street Journal that the deal would either be signed by the president electronically or by Vice President JD Vance in person.

Sharif said Saturday that his country was “preparing for the electronic signing of the peace deal,” after Trump earlier in the week said Vance could be sent to a signing ceremony.

The U.S. and Iran have at times given very different outlines of the terms of the draft deal, with Trump and Iranian officials clashing Friday over the release of frozen Iranian assets.