Iran and the US are set to sign a peace deal on Friday. The peace agreement will be signed in Geneva, Switzerland.

Iran's semi-official Mehr News Agency has claimed to have received a draft of a 14-point agreement to be signed by the two sides on Friday. However, the details released by Mehr and the claims of US officials regarding the points of the agreement are at odds. Despite this, both sides have confirmed that the war will end on all fronts immediately after the agreement and that a final agreement will be reached within 60 days, covering important issues.

US President Donald Trump claimed on Sunday that the Strait of Hormuz had been opened free of charge immediately after the agreement. He also said that the US military had been ordered to lift the blockade on the port. However, the British media outlet BBC reported on Monday that the blockade in Hormuz remained in place. On Monday, Trump corrected his statement and claimed that the Strait of Hormuz would only open after a formal agreement on Friday, as Iran must remove explosives from the waterway. 'This great agreement will bring peace and security to the entire region. Many presidents have tried to make peace with Iran, but all before me have failed.' For the first time, the leadership of this region has a president who can help them achieve real peace. The Strait of Hormuz will open after the agreement on Friday, as the explosives must be removed. Oil will once again flow through this region to the world,' he wrote on social media.

A draft of the agreement obtained by the Iranian semi-official Mehr News Agency contradicts Trump's claim. Mehr has claimed that an agreement has been reached to completely lift the US blockade and Iran's obstruction of the Strait of Hormuz within 30 days. Mehr stated that the

agreement includes points such as an immediate and permanent cessation of hostilities on all fronts, including Lebanon, signing a comprehensive agreement on nuclear negotiations and sanctions against Iran within 60 days. The agreement mentions that Iran will not develop nuclear weapons. For that, both countries are ready to conclude the nuclear negotiations within 60 days. The Trump administration has long demanded that Iran's nuclear activities be completely stopped. Iran claims that its nuclear program is limited to peaceful purposes.

Both countries have agreed to create a special mechanism to monitor whether the terms of the agreement are being properly implemented. Trump has long demanded that Iran's nuclear program be stopped.

According to Mehr, the draft includes lifting sanctions on Iran's oil sales, petrochemical production and various products during the 60-day talks. Similarly, the draft also mentions that Iran's assets worth $24 billion frozen by the US will be released within a period of 60 days.

Mehr's news also mentions that the draft mentions that half of the amount (12 billion) will be released after the peace agreement. According to Mehr, the US and its allies will present a plan worth at least $300 billion for the reconstruction of Iran. It also mentions that the final agreement between the two countries will be officially approved through a resolution of the United Nations Security Council. The US has not commented on these issues. Another Iranian news agency, Tasnim, quoted an informed source as saying that some changes were made to the draft in the last moments of the talks. It claims that Iran will take over the administrative operation of the Strait of Hormuz. Meanwhile, Trump has been claiming that free passage through the Strait of Hormuz will be ensured.

Leaders of various countries have welcomed the US-Iran agreement to end the war.

They have praised the efforts of countries including Pakistan to mediate the talks. Pakistan's Prime Minister Shahbaz Sharif and Army Chief Asim Munir have been active for a long time in bringing these peace talks to a conclusion.

UN Secretary-General Antonio Guterres has congratulated the US and Iran. 'This is a very important step towards a peaceful resolution of the conflict,' said Secretary-General Guterres. 'I express my sincere gratitude to regional countries including Pakistan, Qatar, Egypt, Saudi Arabia, Turkey, and others for playing a constructive and supportive role in creating an environment for talks that will lead to a peace agreement.' Australian Prime Minister Anthony Albanese and Foreign Minister Penny Wong issued a joint statement praising Pakistan, Qatar, Saudi Arabia, Turkey and other countries for their mediation efforts. The statement said Australia has long been a vocal advocate for reducing tensions in the region, including Lebanon.

Turkish President Recep Tayyip Erdogan described the agreement as an important achievement for regional peace and stability. Qatar's Foreign Ministry issued a statement thanking Pakistan and all regional and international parties that contributed to the agreement.

French President Emmanuel Macron issued a statement saying the agreement was the result of collective diplomatic efforts by many partner countries. He called for the agreement to be implemented quickly and fully. Japanese Prime Minister Sane Takaichi also praised the countries that played the role of mediators.

German Chancellor Friedrich Merz, British Prime Minister Keir Starmer, and New Zealand Foreign Minister Winston Peters welcomed the agreement, saying it was an important step towards maintaining peace and stability in the West Asia region.

Israel, which launched a joint attack on Iran with the United States on February 28, is not a party to the agreement. Israel has recently intensified its attacks in Lebanon. Iran, which has demanded an end to the war on all fronts, including Lebanon, has condemned it.

On Sunday, Israel attacked the Lebanese capital Beirut.

Then Trump wrote on social media, 'When we are so close to a peace agreement with Iran, this attack should not have been carried out on this special day.'

On Monday, Israeli Defense Minister Israel Katz issued a statement saying that his troops would not withdraw from the territory they had occupied in Lebanon. He said that Israel has the right to defend itself as a sovereign country and is not a party to the agreement.

Crude oil prices fall Crude oil prices have fallen in the global market since the agreement to end the war was reached. On Monday, the price of global benchmark Brent crude fell by 3.9 percent to around $84 per barrel. Similarly, the price of US crude also fell by 4.8 percent to around $81 per barrel. However, experts say that it will take some time for the price to fall to around $70 per barrel, which was before the US and Israel launched an attack on Iran in late February. They say that many challenges still remain to restore crude oil supplies to their previous levels.

Major tasks remain to be done in the coming days, such as removing explosives planted in the Strait of Hormuz, fully opening it to shipping, restarting West Asian oil production, replenishing emergency petroleum reserves and repairing energy infrastructure damaged by the war.

That is why oil analysts have estimated that crude prices will remain at high levels for some time to come. Since most of the oil fields in West Asia have been closed due to the war, they predict that it will take weeks to restart them and increase production.

'Until ships start moving in and out regularly and safely, the market seems to be skeptical that the Strait of Hormuz is truly open,' Rapidan Energy President Bob McNally said on ABC's 'This Week' program on Sunday. 'If the supply disruption is prolonged and emergency reserves are depleted, there is a risk that oil prices will rise further.' Joe McMonagle, president of the Saudi Arabia-based think tank Global Center for Energy Analysis, also said that market concerns would only be alleviated once the waterway opens and ships start operating.