Middle East crisis live: Tehran says it will charge ships in strait of Hormuz after 60 days; US-Iran presidents sign peace deal (opens original article in a new tab)

US and Iran sign peace deal ending their conflict, with immediate reopening of Strait of Hormuz and US lifting naval blockade, though Tehran plans to charge ships after 60 days. The agreement includes lifting sanctions, unfreezing assets, and a $300bn reconstruction fund, while Trump threatens renewed attacks if Iran violates terms. Southeast Asian nations welcome the deal as they face energy security challenges from their reliance on Middle Eastern oil.

• US-Iran deal takes immediate effect with Strait of Hormuz reopening and US lifting naval blockade
• Tehran plans to charge ships in Strait of Hormuz after 60 days of toll-free passage
• International Energy Agency warns of energy security vulnerabilities in Southeast Asia due to Middle East oil dependence