'Let the oil flow!': Trump announces Iran peace deal

In Brief

Trump confirmed the 60-day peace deal on social media, telling ships to start their engines and "let the oil flow".

Iran's deputy foreign minister confirmed an immediate and permanent end to the war as of tonight.

US President Donald Trump called on "ships of the world" to start their engines and "let the oil flow" as he announced on Sunday that the US and Iran had agreed to a peace deal.

The agreement, which will extend the ceasefire for 60 days amid ongoing nuclear talks, was confirmed by the US president on social media.

Iran's deputy foreign minister, Kazem Gharibabadi, confirmed to Iranian state TV that an immediate and permanent end to the war will begin tonight.

The memorandum will be signed on Friday, with the blockade of the Strait of Hormuz expected to end following the signing.

Iran confirmed the deal included Lebanon, with The New York Times reporting that Iran has called off retaliatory attacks against Israel following deadly strikes in Lebanon on Sunday.

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The prime minister of Pakistan, Shehbaz Sharif, has also confirmed that a deal had been reached.

"Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon," said Sharif on social media, who was a key mediator in the peace talks.

Inside the proposed deal

Trump has a track record of touting imminent peace deals, with SBS News reporting that Trump has insisted a deal with Iran is imminent 38 times since March.

The latest deal, mediated by Qatari officials, could be finalised and signed as early as Sunday — or Monday, in Australia.

On June 12, the White House announced on social media that US strikes against Iran had been cancelled ahead of the deal's signing.

The respective blockades, however, will remain in place until the signing ceremony.

Sharif also said on Sunday that the deal would be signed, while Iran's foreign ministry spokesperson Esmail Bagheasi said it could happen in the coming days.

The deal would see the US end a blockade on Iranian ports, while Iran would ease its blockade of the Strait of Hormuz.

The agreement would also set out a 60-day framework for further discussions on Iran's nuclear program.

Israel strikes Lebanon

On Sunday, the peace deal was threatened by Israeli strikes against Lebanon.

The strikes hit the suburb of Dahiya in Beirut's southern outskirts, killing three people and injuring 16.

The Israeli military said it had targeted Hezbollah infrastructure sites, accusing Hezbollah of firing drones and rockets into Israel.

Trump had earlier insisted the deal with Iran was still on the table following the strikes, claiming on social media on Sunday that the attacks "should not have happened".

"This morning's attack on Beirut should not have happened, particularly on a special day when we are so close to a Peace Deal with Iran," he wrote.

Trump reportedly told a journalist he was "so pissed off" about the latest Israeli strikes, according to Axios, which has reported on a fraying relationship between the two leaders.

Trump also reportedly accused Israeli Prime Minister Benjamin Netanyahu of having "no ****ing judgement" in the same conversation.

- with additional reporting from AAP

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