U.S. and Iran Announce Framework to End War with Ceasefire Deal

United State President Donald Trump on Sunday confirmed the frame work to end the war against Iran, authorizing the end of the U.S. naval blockade on Iranian ports and toll-free access to the strait.

Mediated by Pakistan, Qatar, Saudi Arabia, and Turkey, pre-implementation talks start this week ahead of a June 19 signing in Switzerland.

Oil prices dropped over 4% to $81 per barrel, though Israel rejects withdrawal from southern Lebanon and key issues like Iran’s nuclear program await future talks.