Iran will reopen Strait of Hormuz and can sell oil freely under deal with US, officials say (opens original article in a new tab)

Iran and the U.S. have reached a tentative deal to end hostilities, with Iran set to reopen the Strait of Hormuz and sell oil freely, while the U.S. agrees to lift sanctions and provide rebuilding funds.

• Iran will reopen the Strait of Hormuz and sell oil freely under a tentative U.S. deal.
• The agreement includes $300 billion in rebuilding funds for Iran and lifting U.S. and UN sanctions.
• The deal pauses hostilities, restarts nuclear negotiations, and ends fighting in Lebanon between Israel and Hezbollah.