US and Iran are close to a deal to end their war, officials say
Summary
The United States and Iran are close to signing a deal aimed at ending their ongoing war. The agreement would include removing Iran’s nuclear material, reopening key shipping lanes, lifting some sanctions, and releasing frozen Iranian funds.Key Facts
- U.S. and Iran have been engaged in a war since February 28, which has disrupted oil and gas shipments from the Persian Gulf.
- A fragile ceasefire has been in place since April 7.
- The proposed deal involves Iran dismantling its nuclear program and not funding terrorist groups.
- Iran’s closure of the Strait of Hormuz has impacted global energy supplies and prices.
- The U.S. Navy has blockaded Iranian ports since mid-April to stop Iran’s oil exports.
- Iranian Foreign Minister Abbas Araghchi stated that a deal “has never been closer,” but final agreement is still pending.
- The deal is expected to lead to reopening the Strait of Hormuz and phased lifting of sanctions on Iran.
- A signing ceremony could happen soon after approval from officials in both countries.
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