AxiosCenter·
U.S., Iran reach deal to extend ceasefire, open strait
The U.S. and Iran agreed to a framework extending their ceasefire for 60 days, with a formal signing ceremony expected Friday and nuclear talks to follow. Why it matters: The agreement could reopen the Strait of Hormuz, ease pressure on global energy markets, and create a window for negotiations over Iran's nuclear program. The memorandum of understanding would mark the war's biggest diplomatic breakthrough and buy time for negotiations over unresolved nuclear questions. The big picture: The ag…
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