US-Iran agreement halts conflict, opens Hormuz
DUBAI/WASHINGTON: U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Tehran’s nuclear program to further negotiations. While still a framework, the deal marked the biggest breakthrough towards resolving the conflict that has killed thousands and upended energy markets since it began with joint U.S.-Israeli strikes on Iran in February. “The Deal
U.S. and Iranian officials have reached a preliminary agreement to end their conflict and reopen the Strait of Hormuz, causing oil prices to drop. The deal, which is still a framework, marks a major step toward resolving the ongoing conflict that has affected energy markets and caused casualties. U.S. President Trump confirmed the agreement on his social media platform, while Pakistani Prime Minister Shehbaz Sharif, who acted as a mediator, announced the deal had been reached. The memorandum of understanding is set to be signed in Switzerland. The agreement calls for an immediate and permanent end to military operations, including in Lebanon. Iran's deputy foreign minister mentioned that further negotiations will take place during a 60-day ceasefire, which may include sanctions relief. The fate of Iran's nuclear program will also be discussed in future talks. Israel has not commented on the agreement, as it was not involved in the U.S.-Iran negotiations.
This agreement has the potential to stabilize the region and impact global energy markets.
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