Washington and Tehran near deal to end conflict
The United States and Iran have reached a preliminary framework to end their war, which includes lifting the American sanctions and reopening the Strait of Hormuz. This has led to a drop of more than 4% in global oil prices. The agreement also stipulates the cessation of military operations on all fronts, including Lebanon, and is expected to be officially signed in Switzerland. Negotiations regarding Iran’s nuclear program will continue during the 60-day ceasefire period. Statements indicate that the agreement aims to ease sanctions and create conditions for broader negotiations on Iran's nuclear issue.
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