WASHINGTON/TEHRAN/ISLAMABAD/LONDON - US President Donald Trump said Sunday that the US-Iran peace deal "is now complete" and that the Strait of Hormuz will reopen upon the signing of the deal on Friday.

"The Deal with the Islamic Republic of Iran is now complete," Trump wrote on his Truth Social. "I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade."

"Ships of the World, start your engines. Let the oil flow!" said Trump.

He said in another post a few minutes later that the strait will reopen upon the signing of the deal on Friday.

"With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!" Trump said.

Trump told The Wall Street Journal that the agreement would be signed electronically by him or by Vice-President JD Vance in person.

Vance told Fox News on Sunday evening that he plans to attend the official signing ceremony, though Trump may attend himself.

"I think we're still figuring out the logistics on who's going to attend that signing ceremony," Vance said. "I certainly plan to be there, but it's possible the President himself could be there."

Trump is scheduled to attend the annual summit of the Group of Seven nations in France.

The deal would include a commitment from Iran not to obtain nuclear weapons and an immediate reopening of the Strait of Hormuz, Trump told The Wall Street Journal.

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He also expressed no urgency to extract nuclear material from Iran, saying "there's no rush."

"We'll get the nuclear dust later on when we're ready to go in and do it. I'd say over the next month or two, there's no rush," he said.

There would be strong nuclear inspections on the Iranians, Trump said, without specifying how they would work.

Under the deal, Iran wouldn't be provided cash but sanctions could potentially be lifted, Trump added.

"We'll see how they behave," he said.

Trump also claimed Israeli Prime Minister Benjamin Netanyahu was supportive of the deal.

"Bibi is OK with it," Trump was quoted. "Why is it good for Bibi? Iran cannot have a nuclear weapon under any circumstance."

Iran: Military operations on all fronts stopped immediately

Iran's Supreme National Security Council said early Monday that a memorandum of understanding (MoU) between Tehran and Washington has been finalized and the war and military operations on all fronts, including Lebanon, have stopped immediately and permanently.

The MoU was finalized Sunday night following months-long difficult and intensive negotiations and based on its approval, the council said.

"Based on the agreement reached, the war and military operations on all fronts, including Lebanon, will end immediately and permanently as of tonight, and in addition, the (US) naval blockade against Iran will end immediately and completely," it said.

Negotiations between Iran and the United States for a final agreement will be postponed until the fulfillment of commitments by the two sides under the MoU.

Reacting to the development, Iran's main military command Khatam al-Anbiya Central Headquarters said Iranian people and the armed forces of the country and resistance front imposed their will on the US and Israeli "enemies" and proved with power that the "enemies" have no other way but to accept defeat and surrender to Iranian people.

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Elaborating on the MoU in an interview with state-run IRIB TV early Monday, Iranian Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi said the MoU was not the result of solely diplomatic efforts and consultations, but also an outcome of Iran's military achievements.

Gharibabadi said Iran's positions and other issues considered important by the country have all been included in the MoU, stressing that after the MoU's official signing, its text will be published.

He emphasized that the document's implementation is of great importance, and Iran has a specific plan to monitor the US fulfillment of its commitments under the MoU.

Gharibabadi said that following the MoU's signing, negotiations will be held between Iran and the United States within a 60-day period to reach a final agreement, and Iran's entry into the 60-day talks, which will be mainly on Tehran's nuclear program and the removal of sanctions, will hinge on the US fulfillment of its commitments under the MoU.

Pre-implementation discussions 

Pakistani Prime Minister Shehbaz Sharif said mediators will facilitate a series of meetings this week aimed at preparing for the implementation of the agreement.

Sharif said these pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.

The prime minister thanked the United States and Iran for their commitment to a diplomatic resolution of the conflict and expressed appreciation for the role played by regional partners in the mediation process.

UN Secretary-General Antonio Guterres welcomes the deal, and hopes that the parties will build on this new momentum and redouble their efforts toward a final resolution of the conflict, his spokesperson said Sunday.

The United States and Israel launched massive attacks against Iran on Feb 28, killing Iran's then Supreme Leader Ali Khamenei and triggering a regional conflict that has reshaped the Middle East's security landscape. The conflict has since claimed thousands of lives and disrupted global energy markets.

Britain, France, Germany and Italy ready to lift sanctions

Meanwhile, the leaders of Britain, France, Germany and Italy welcomed the US-Iran peace deal announced on Sunday in a joint statement.

"This is a moment of opportunity to restore regional stability and stabilize the global economy," BBC quoted the statement as saying.

While noting that Iran "must never acquire a nuclear weapon," the major European countries said they are "prepared to lift relevant sanctions in response to clear, verifiable steps by Iran on its nuclear program."

The European leaders urged the US-Iran deal to be "implemented rapidly and comprehensively," saying the "urgent reopening of the Strait of Hormuz with unconditional and unrestricted freedom of navigation is essential."

"We will work intensively with the US, Iran and regional partners to seize this moment, maintain momentum and achieve a long-term diplomatic settlement," the statement added.

While hailing the US-Iran peace deal as "a hugely important step forward" on Sunday night, British Prime Minister Keir Starmer urged a full implementation of the deal, in particular the restoration of the toll-free freedom of navigation in the Strait of Hormuz to ease "the severe economic impacts that have been felt for several months" worldwide.

"Attention must now turn to fully implementing the memorandum of understanding to ensure the Strait reopens and remains fully and permanently open, and that the detailed elements of the nuclear agreement are finalized," he said in a statement issued by Downing Street.

While welcoming the US-Iran peace deal, French President Emmanuel Macron said in an X post on Monday that a multinational escort mission, co-led by France and Britain, is "ready to support" the reopening of the Strait of Hormuz.

"The resources are in place and ready to be deployed," Macron said.

"The resumption of maritime traffic, without restrictions or tolls, is an essential condition for regional stability and the global economy," he noted.

The French president called on all parties to the conflict to implement the peace deal "swiftly and fully."