The US and Iran reached a peace deal on Monday and will officially sign a memorandum of understanding (MoU) on Friday.

"The ‌Deal with the Islamic Republic of Iran is now complete," US President Donald Trump wrote on his Truth Social platform on Sunday evening in Washington. His post came shortly after Pakistan Prime Minister Shehbaz Sharif, whose country has served as a mediator, announced a deal had been struck.

Iranian Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi also announced the peace deal. He said the US naval blockade against Iran will be lifted as of Monday night and an immediate and permanent end of the war and military operations on all fronts, including Lebanon, has been announced.

Gharibabadi said Iran and the United States will sign the finalized draft of an MoU in Switzerland on June 19, according to Iran's semi-official Tasnim News Agency. It also cited a source as saying that the Strait of Hormuz will reopen following the signing ceremony in Switzerland.

Iran's state-run IRIB TV, citing Gharibabadi, said Iran's entry into a 60-day period of negotiations with the US on its nuclear program and the removal of sanctions will hinge on the US fulfillment of its preliminary commitments, which will be verified by Tehran from now until the signing ceremony.

The E4 nations, namely the United ​Kingdom, France, Germany ‌and Italy, said on Sunday the ​countries were prepared ​to lift sanctions on ⁠Iran in ​response to steps ​on its nuclear program after the US and ​Iran reached a ​deal to end their war. 

"Iran ‌must ⁠never acquire a nuclear weapon. We stand ready ​to work ​with ⁠the US, Iran and ​the IAEA (International Atomic Energy Agency) to ​this ⁠end," the leaders of the ⁠countries ​said in ​a joint statement.

(With input from agencies)