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U.S. and Iran Finalize Framework to End Middle East War

The pact pauses fighting and launches a 60-day window for negotiations on sanctions, nuclear issues and reconstruction.

Overview

  • The framework, announced Monday by mediators and confirmed by Washington and Tehran, calls for an immediate halt to military operations on all fronts and schedules a formal signing in Geneva on Friday.
  • The protocol commits to reopening the Strait of Hormuz and lifting the U.S. naval blockade, with leaders saying commercial shipping will resume after demining and security steps are put in place.
  • Key technical and financial elements remain disputed: Iranian outlets report a $24 billion unfreezing of assets and proposals to dilute enriched uranium, while U.S. officials have not confirmed those specifics.
  • Markets reacted sharply to the announcement with oil prices plunging more than 4% and Asian stock gains, but the deal faces short-term risks from Israeli strikes, Iranian hardliners and fragile local ceasefires during the 60-day period.
  • Next steps include technical meetings led by Pakistan and Qatar before Friday’s signing, G7 review at the Evian summit, and intensive work on verification, sanctions relief and reconstruction that will determine whether the ceasefire holds.