The United States and Iran are set to sign a historic peace agreement on Friday after reaching a preliminary deal aimed at ending months of heightened tensions and conflict between the two nations.

The breakthrough, reportedly brokered through international mediation, is expected to pave the way for the reopening of the Strait of Hormuz, a key global oil shipping route, while also easing military tensions across the Middle East.

Under the agreement, both sides have committed to halting hostilities and engaging in further negotiations on unresolved issues, including sanctions and Iran's nuclear programme.

The anticipated signing has been welcomed by the international community, with analysts describing it as a major diplomatic victory that could help restore stability to one of the world's most volatile regions.