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The United States and Iran have reached a preliminary agreement to end a three-and-a-half-month conflict in the Middle East that has resulted in over 7,000 deaths. The deal, expected to be signed in Geneva, involves a 60-day negotiation period focused on reopening the Strait of Hormuz, Iran's nuclear program, the lifting of international sanctions, and Lebanon's inclusion in the ceasefire. Markets anticipate the Strait's reopening, and the agreement aims to gradually implement benefits for Iran in exchange for compliance with its nuclear obligations, including uranium enrichment restrictions. The deal's success depends on complex negotiations concerning sanctions relief and regional stability, with additional tensions involving Israel and Lebanon.
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