The United States and Iran have reached a breakthrough diplomatic agreement to extend a temporary ceasefire and reopen the strategically vital Strait of Hormuz, marking a major step toward de-escalation after more than three months of conflict in the Middle East.
According to multiple reports from Reuters and Axios, the agreement establishes a 60-day ceasefire framework under which both Washington and Tehran will halt military operations while formal negotiations continue toward a broader peace settlement.
The deal is expected to be formally signed later this week in Switzerland following mediation efforts led by Pakistan and supported by regional powers including Qatar and Saudi Arabia.
As part of the agreement, the United States has agreed to lift its naval blockade on Iranian ports, allowing commercial shipping to resume through the Strait of Hormuz, one of the world’s most critical energy transit routes that handles nearly a fifth of global oil and liquefied natural gas shipments.
The announcement immediately impacted global markets, with oil prices falling sharply amid expectations of restored supply stability.
While the agreement significantly reduces immediate tensions, key issues remain unresolved, particularly negotiations surrounding Iran’s nuclear program and potential sanctions relief.
International leaders have cautiously welcomed the deal, describing it as an important first step toward restoring stability across the region.
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