US and Iran Reach Agreement to Conclude Conflict and Reopen Key Waterway

The United States and Iran have signed a memorandum of understanding to end their conflict, immediately reopening the Strait of Hormuz and lifting the US blockade on Iranian ports. This agreement, effective immediately, also sets a 60-day period for nuclear negotiations. The deal is expected to impact global energy and trade, though regional tensions persist with continued Israeli airstrikes in Lebanon.