US-Iran Ceasefire Deal: The US and Iran say they’ve agreed to end the Middle East war on all fronts and reopen the Strait of Hormuz, with a formal signing set for June 19 in Switzerland; Trump says the naval blockade will be lifted and “let the oil flow,” while Iran confirms an immediate end to fighting and talks toward a final deal. Lebanon Fallout: Lebanon says it was not informed of the deal’s terms or ceasefire timing, and Israel’s defense minister says IDF forces will stay in security zones in Lebanon, Syria and Gaza “indefinitely,” despite the broader ceasefire claims. Mediation in the Spotlight: Qatar and Pakistan are credited with pushing the talks forward, while Turkey’s Erdogan calls the understanding a key step toward regional peace and urges restraint ahead of signing. Global Reactions: EU leaders welcome the accord and call for rapid implementation, linking it to freedom of navigation and wider Middle East peace efforts; Egypt, Kenya, Bangladesh, and India also express support. Markets & Energy: Oil prices slide on reopening hopes, and equities rally from Europe to Asia as investors dial back Middle East risk; the Hormuz explainer underscores how disruptions could ripple worldwide. Security & Defense Industry: Israel’s stance on Lebanon keeps uncertainty high, while Europe’s defense sector pitches counter-drone integration amid ongoing regional demand.