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 Highlights:  US President Donald Trump and Iranian President Masoud Pezeshkian have signed an agreement on Thursday to halt hostilities and revive talks on Tehran’s nuclear programme. The deal comes into force immediately and sets a 60-day timeline for negotiations on a broader, long-term settlement. As part of the agreement, Iran will reduce its stockpile of enriched uranium, while the United States will ease selected sanctions, enabling Tehran to resume unrestricted oil exports. The accord also paves the way for the reopening of the Strait of Hormuz, a global shipping route that was disrupted during the conflict. Shipping traffic through the waterway is expected to return to normal levels within the next month.

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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