U.S. and Tehran Agree on Framework for Peace

THE NEW YORK TIMES: The deal was expected to open the Strait of Hormuz, lift the U.S. naval blockade on Iranian ports and pave the way for further talks. It did not address Iran’s nuclear program.

Source of screenshot: This NYT article. | Tehran last week. | Arash Khamooshi/Polaris for The New York Times
The United States and Iran reached an agreement on Sunday that paved the way for further talks to ultimately end a monthslong war that has killed thousands of people, roiled the Middle East and rattled the global economy.

The announcement led to relief in Iran and elsewhere in the Middle East. It also sent oil prices tumbling, in part because the deal is expected to reopen the Strait of Hormuz, a vital waterway for the world’s energy supplies.

But critical issues — including the fate of Iran’s nuclear program, the linchpin of the U.S.-Israeli attacks that started the war — have been pushed back to a later round of negotiations. And the economic shock waves of a war that has crippled supply chains and sent inflation soaring will keep rippling through the global economy for months.

The text of the agreement, which is scheduled to be signed by leaders from the two countries on Friday in Geneva, was not immediately released. Iran War Live Updates » | Yan Zhuang, Farnaz Fassihi and Adam Rasgon | Monday, June 15, 2026