Iran confirms reaching a memorandum of understanding with the US to end fighting on all fronts, including Lebanon, and says the agreement will be signed on Friday.

US President Donald Trump announces an end to the US blockade on Iranian ports and says the Strait of Hormuz will reopen on the day of the deal’s signing.

Israeli opposition leader Yair Golan slams PM Benjamin Netanyahu, saying he was powerless to stop a deal that has erased Israel’s military achievements.

US legislators welcome the deal, but some Democrats argue it marks a “surrender to Iran” and marks “a costly lesson” for Washington.

Top European Union officials join a global chorus welcoming the deal, as oil prices dip and stock markets continue to rally.