US and Iran reach deal to end war, signing set for Friday (opens original article in a new tab)

US and Iran have reached a peace deal to end their war, with the agreement to be signed in Switzerland. The deal includes opening the Strait of Hormuz without tolls and ending the US naval blockade of Iran. Iran will maintain its nuclear status quo while the US will release $25 billion in frozen assets. An Israeli strike on Lebanon complicates the deal as Iran threatens a strong response.

• US and Iran reach peace deal ending their war, to be signed in Switzerland on Friday
• Strait of Hormuz to be open 'toll free' and US naval blockade of Iran ports ends
• Iran agrees to maintain nuclear status quo, US agrees to release $25 billion in frozen assets
• Israeli strike on Lebanon complicates deal as Iran threatens strong response