The U.S. and Iran agreed to a framework mediated by Pakistan
and Qatar, featuring a 60-day ceasefire, lifted naval blockades, and toll-free
passage through the strait that carries 20% of world oil.
Iran must dismantle its nuclear weapons program, remove
enriched uranium stockpiles, and allow inspections, with sanctions relief tied
to compliance and no upfront U.S. funds.
Markets reacted strongly as oil prices dropped to $80 a barrel and stocks surged toward $1 trillion in gains; an official signing is set for June 19 in Geneva, with VP JD Vance attending.