Summary
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The United States and Iran signed an initial agreement on 17 June 2026 to end hostilities, requiring Tehran to dilute its highly enriched uranium stockpile in exchange for immediate sanctions relief and oil-export access. The deal also commits to reopening the Strait of Hormuz, a chokepoint for roughly one-fifth of global oil shipments that had been threatened by the conflict. The framework is expected to lead to a broader peace agreement and further nuclear talks.