US and Iran agree on peace deal, signal reopening of Strait of Hormuz: Live updates

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The agreement will be signed on Friday in Geneva, Switzerland The US and Iran said they have agreed on a memorandum of understanding aimed at ending the conflict, which began on February 28 with a joint US-Israeli bombing campaign and prompted Tehran to close the Strait of Hormuz to most shipping.The agreement will be formally signed on Friday in Geneva, Switzerland.Although the exact details of the deal have not been made public, Iran said the document would focus on ending the war and reopening the strait, while the two sides would have 60 days to negotiate the future of Iran’s nuclear program.Trump wrote on Truth Social that he had ordered “the toll free opening of the Strait of Hormuz” and the end of the US naval blockade of Iranian ports.“Let the oil flow!” he added.Here are the latest developments: