US and Iran reach preliminary framework agreement to end hostilities
The United States and Iran have electronically signed a preliminary framework agreement aimed at ending their conflict, with a formal ceremony scheduled for Friday in Geneva. The document was signed by US President Donald Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf. While the full text remains unpublished, officials stated it includes provisions for a 60-day ceasefire, the lifting of the US naval blockade in the Strait of Hormuz, and significant sanctions relief for Iran. President Trump indicated that vessels have already begun moving through the strait, a claim supported by reports of commercial tankers traversing the previously blockaded zone. Despite these developments, both sides acknowledged that significant unresolved issues, including Iran's nuclear program, require further technical negotiations. Iranian Foreign Minister Abbas Araghchi expressed caution regarding past commitments, while US officials described the memorandum as a general document of approximately one and a half pages. Additionally, reports suggest a $300 billion reconstruction fund for Iran may be part of the eventual economic benefits. The agreement follows four months of hostilities and mediation efforts involving Pakistan.