A settlement has been reached to end the military conflict between the United States and Iran. The announcement was made by the U.S. President, who said a formal peace agreement could be signed this weekend in Europe. This follows months of talks to reduce tension after a major geopolitical crisis.

The agreement is almost complete and would stop the fighting between the two countries. It includes plans for regional security, sea route rights, and a long-term ceasefire. However, Iran says some technical details are still under review by its leaders.

The conflict has affected global markets and security. Many world leaders hope the deal will help to stabilise oil prices and improve relations in the Middle East. Both sides still have their militaries on high alert, and work continues to finalise the terms of the agreement.