Trump announced that the U.S. and Iran have reached a framework deal to end the war that began in late February 2026, with a document signing scheduled for Friday and reopening of the Strait of Hormuz confirmed by multiple outlets. The agreement includes immediate termination of military operations on all fronts including Lebanon, and oil markets responded immediately with prices falling over $3 per barrel and Asian stock indexes gaining more than 5%. This represents a major geopolitical shift ending the four-month conflict that had disrupted global energy markets and killed the Iranian Supreme Leader Ali Khamenei in an airstrike.