Donald Trump signed an agreement with Iran Thursday that calls for Tehran to dilute its stockpile of highly enriched uranium and waives US-backed sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington. (Source: White House/ Enhanced with AI)

US-Iran War News Live Updates:  US President Donald Trump and Iranian President Masoud Pezeshkian have signed an agreement aimed at ending hostilities and restarting negotiations over Iran’s nuclear programme. The deal takes immediate effect and launches a 60-day window for both sides to negotiate a permanent settlement. Under the agreement, Iran will dilute its stockpile of highly enriched uranium, while the United States will waive certain sanctions, allowing Tehran to freely export oil. The pact also reopens the Strait of Hormuz, a global energy corridor that had been disrupted by the conflict, with shipping expected to return to pre-war levels within 30 days.

A peak into the agreement: According to leaked copies of an interim deal that officials say broadly match the document, Iran would take immediate steps to reopen the Strait of Hormuz after the signing of a tentative agreement with the United States to end the war. The reported agreement, expected to be signed in Switzerland on Friday, would also allow Iran to resume unrestricted oil sales. The draft reportedly includes a plan for at least $300 billion in support for Iran’s post-war reconstruction and says Washington would work towards ending US and UN sanctions if a final deal on Tehran’s nuclear programme is reached.

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