US and Iran Reach Initial Agreement to End Conflict and Reopen Key Shipping Lane

The United States and Iran have signed a memorandum of understanding, signaling an end to their conflict with an immediate ceasefire and the reopening of the Strait of Hormuz. This preliminary agreement, which aims to stabilize the Middle East and prevent nuclear proliferation, will be followed by 60 days of negotiations for a final peace deal. Global fuel prices have already seen a decline, and G7 leaders have expressed support for the accord.