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

US and Iran have reached a preliminary agreement to end their war, with a scheduled signing in Switzerland. The deal includes ending military operations in Lebanon and reopening the Strait of Hormuz. Oil prices dropped following the announcement.

• US and Iran reach preliminary agreement to end war, with official signing scheduled for Friday in Switzerland.
• Memorandum of understanding calls for immediate and permanent termination of military operations on all fronts, including Lebanon.
• Strait of Hormuz to reopen, with US ending blockade of Iranian ports, leading to drop in oil prices.