India, June 16 -- After 107 days of war and global turmoil, Trump announces reopening of Strait of Hormuz, halt to military operations, calming global markets

US President Donald Trump announced that the United States and Iran have finalised an agreement to end their 107-day conflict, a breakthrough that sent oil prices lower and global stock markets higher amid hopes of easing disruptions to energy supplies.

"The Deal with the Islamic Republic of Iran is now complete. Congratulations to all," Trump said in a post on Truth Social on Sunday evening.

The announcement came shortly after Pakistan Prime Minister Shehbaz Sharif, whose country helped mediate the talks, said an agreement had been reached. According to Sharif, the memorandum of...