U.S. and Iran Announce Preliminary Peace Framework

Officials from the United States and Iran have reportedly reached a preliminary understanding to conclude their conflict, remove the U.S. blockade on Iran, and facilitate the reopening of the Strait of Hormuz. This framework, announced by President Trump and brokered by Pakistan's Prime Minister, is slated for formal signing later this week. The news has already impacted global oil prices, though discussions on Iran's nuclear activities are still pending.