Iran and the US agreed to a roadmap for peace in 60 days, easing oil prices and market tensions after successful negotiations.
The US Defense Department will ask Congress to approve approximately $80 billion to cover costs from the war with Iran.
Planned follow-up talks to the recent Middle East peace deal have been postponed.
American media condemns Trump’s Iran deal as a one-sided agreement that strengthens Tehran while costing the US billions and undermining objectives.
US President Donald Trump and Iran’s president signed an agreement on Wednesday aimed at ending the Middle East war.
The recent Middle East conflict leaves Iran strategically intact, while the U.S. and Israel face significant setbacks and unresolved issues.
Oil prices plunged below $80 a barrel on Tuesday as optimism grew over the promised reopening of the Strait of Hormuz.
The U.S. and Iran struck a deal to end the Middle East war and reopen the Strait of Hormuz, details remain unclear.
Pakistan, which has led mediation to end the months-long Middle East war, and the USA have indicated an agreement would be signed on Sunday.
US President Donald Trump said that a deal with Iran to end the war in the Middle East could be signed today, on Sunday 14 June.