US and Iran sign preliminary deal to end war and reopen Strait of Hormuz
A preliminary agreement aims to halt fighting and restore traffic through the world's most important oil chokepoint — but key details remain unsettled.
O
Oneonomy Admin
Washington and Tehran have signed a preliminary agreement to end the war and reopen the Strait of Hormuz, even as negotiators leave critical questions open.
What's happening
The Strait carries a large share of seaborne crude, and its closure had rattled energy markets.
A framework is not a settlement — the hard bargaining starts now.
Pressure is mounting to convert the preliminary terms into a durable ceasefire.
Why it matters
Markets and capitals will watch whether the truce holds long enough to lock in specifics.
Tags
IranHormuzDiplomacy