After two months of escalating conflict across West Asia, US President Donald Trump has announced what he describes as a historic breakthrough with Iran, claiming that the war is over and that a peace agreement has been finalised. Iran's Supreme National Security Council has also confirmed the understanding, with officials saying the text of the memorandum has been completed and is expected to be formally signed in Geneva. The development could have major implications for regional stability, global oil markets and international trade, particularly with plans to reopen the strategically vital Strait of Hormuz. However, significant challenges remain. Israeli Prime Minister Benjamin Netanyahu has rejected key elements of the US-Iran truce, insisting that Israel is not bound by the agreement and warning of a strong response to any future threats. As world leaders, including Prime Minister Narendra Modi, welcome efforts to restore stability, questions remain over whether this marks the beginning of lasting peace or merely a temporary pause in one of the region's most dangerous conflicts. Watch for the full story and analysis.