Peace by piece (opens original article in a new tab)

The US and Iran have signed a memorandum of understanding to extend the ceasefire for 60 days and open the Strait of Hormuz, marking the first phase of a two-step peace process. The second phase will address the nuclear issue and other disputes, with Iran securing several concessions. The deal faces challenges, including Israel's opposition and the need for further negotiations on nuclear programme and sanctions.

• US and Iran sign MoU to extend ceasefire for 60 days and open Strait of Hormuz.
• Nuclear programme and sanctions relief to be addressed in second phase of negotiations.
• Iran secures concessions including keeping ballistic missiles and oil export waivers.