President Donald Trump is trumpeting the "great deal" he has made with Iran, claiming it will bring "peace and security" to the entire region.

He also confirmed the deal will be signed on Friday, claiming that oil will flow from "both ends of the region" after the Strait of Hormuz is opened when the agreement is signed. The oil flow is linked to mine removal, he claims.

"With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!" Trump wrote on his social media platform.

-ABC News' Isabella Murray

President Donald Trump said in a post on social media Sunday that the United States and Iran have reached a deal, opening up the Strait of Hormuz.

"I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade," Trump wrote.

"Ships of the World, start your engines. Let the oil flow!" he added.

Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed the deal had been finalized and said it would be signed in Switzerland on Friday.

"All of our positions and important issues are included in the draft understanding," Gharibabadi said in a statement to Iranian state media.

The U.S. and Iran's comments came after Pakistan Prime Minister Shehbaz Sharif announced the peace deal was made. "Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon," Sharif wrote.

The Israeli military announced on Sunday that it had killed a senior Hezbollah commander in a "precise strike in southern Lebanon."

Israeli military officials said the Hezbollah commander, identified as Ali Musa Daqduq, was killed south of the Litani River on Friday.

Israel Defense Forces (IDF) said Daqduq held a series of senior positions within the Hezbollah terrorist organization and served "as a source of knowledge with extensive operational experience."

"His elimination constitutes another significant blow to Hezbollah’s senior chain of command by eliminating one of the most prominent operatives responsible for terrorist activity against Israeli civilians, IDF soldiers, and American service members," the IDF alleged in a statement.

In recent years, the IDF said Daqduq played a central role in advancing terrorist attacks and combat operations against Israel and IDF soldiers.

-ABC News' Jordana Miller

The Israel Defense Forces said in a post to X on Sunday that it conducted a new strike on the Lebanese capital Beirut, targeting what it called Hezbollah "infrastructure" in the southern Dahiyeh area of the city.

In a statement, Israeli Prime Minister Benjamin Netanyahu said the strike was "in response to Hezbollah's firing into Israeli territory. Israel will not tolerate firing into its territory."

-ABC News' Jordana Miller

U.S. Central Command said it disabled a vessel, the M/T Settebello tanker, as it transited in the Gulf of Oman on Wednesday.

Three Indian crewmembers have been reported missing after the attack, according to the Indian Ministry of Foreign Affairs.

A U.S. aircraft fired precision munitions at the ship’s engine crew "after the crew repeatedly failed to comply with directions from American forces," CENTCOM said in a statement.

Twenty-one Indian crewmembers of the Settebello were rescued and India is coordinating with Omani authorities regarding the operation, the Indian ministry said.

Earlier the United Kingdom Maritime Trade Operations Center issued a warning saying local authorities received a report the tanker "experienced a fire in their engine room."

The incident occurred 20 nautical miles northeast of Sohar, Oman, the UKMTO warning said.

India's Foreign Ministry is condemning the attack on the ship saying the targeting of commercial shipping and civilian infrastructure must end.

"We reiterate our call for immediate de-escalation of tensions, and the conclusion of ongoing negotiations for a diplomatic solution so that peace and stability can return to the region," the statement said.

The International Maritime Organization said it "strongly condemns" the attack of the ship sailing under the flag of Palau.

"This is simply unacceptable. My thoughts are with the families of the three missing seafarers and with all those awaiting news of the crew members," IMO Secretary-General Arsenio Dominguez said in a statement.