The White House has announced that a peace deal between the United States and Iran is expected to be signed on Friday. The agreement aims to end ongoing hostilities and ensure the reopening of the strategically vital Strait of Hormuz, a key chokepoint for global oil shipments.
Sources close to the negotiations indicate that the deal includes commitments from Iran to halt aggressive maneuvers in the region, while the US will ease certain sanctions. The signing ceremony is anticipated to take place in a neutral location, though specific details remain under wraps.
This development marks a significant diplomatic shift after months of tensions that threatened to disrupt global energy markets. The Strait of Hormuz, through which about 20% of the world's oil passes, has been a flashpoint in recent conflicts.
Further updates are expected as the signing approaches.