Iran says it is considering whether Presidents Masoud Pezeshkian and Donald Trump should sign a Swiss memorandum of understanding opening 60 days of negotiations. The draft framework covers a halt to military operations, sanctions relief, Iran’s nuclear program and Strait of Hormuz shipping.
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Brent crude fell to its lowest level since early March as markets anticipated a US-Iran framework agreement that could reopen the Strait of Hormuz. Shipping groups and analysts warned that restoring normal energy flows could still take weeks or months.
Israeli strikes in southern Lebanon continued after President Donald Trump urged Benjamin Netanyahu to be more restrained. The attacks have added pressure to an undisclosed US-Iran agreement that mediator Pakistan says includes Lebanon.
Iranian oil tankers have crossed a U.S. blockade line near the Strait of Hormuz ahead of planned U.S.-Iran talks in Switzerland. The emerging memorandum has triggered disputes over sanctions relief, Lebanon and the future of Iran’s nuclear program.
Trump has declared the Strait of Hormuz open and safe under a pending U.S.-Iran agreement, but shippers say they need proof that vessels can transit without danger. Ship-tracking data shows only limited movement as concerns persist over security, mines and possible fees.
U.S. officials say Washington and Tehran have digitally signed a memorandum to extend a ceasefire, reopen the Strait of Hormuz and begin nuclear negotiations. The deal’s effect on Lebanon remains uncertain as Israel says it is not bound by the agreement.
The United States and Iran say they have reached a tentative agreement to end the war, reopen the Strait of Hormuz and halt fighting in Lebanon. The deal is expected to be signed Friday in Switzerland, but nuclear issues, sanctions relief and Israel’s role remain unresolved.
Swiss voters are deciding whether to cap the country’s population at 10 million by 2050. Supporters cite pressure on housing and services, while opponents warn the measure could harm the economy and relations with the EU.