Key Facts

• Pakistan has announced a deal between the US and Iran, which has led to a slide in oil prices.
• The deal involves the reopening of the key Strait of Hormuz waterway, a critical passage for oil shipments.
• US President Donald Trump confirmed that the Strait of Hormuz waterway will be reopened under the agreement.
• No specific details about the terms of the agreement or the concessions made by either side were provided in the article.
• The article does not provide information on the current or expected oil price levels following the announcement.