Key facts
- US and Iran have signed a deal to end over 100 days of war.
- The deal aims to ease economic pressure and end military operations.
- Fighting in Lebanon has decreased but not stopped.
- The Strait of Hormuz is partially cleared, with full reopening expected Friday.
- Iran may receive over $100bn in frozen assets.
- US Democrats and Israeli politicians have criticised the deal.
- Substantive talks on Iran's nuclear program and sanctions relief will follow.
The United States and Iran have signed a deal to conclude over 100 days of conflict, with implications for regional stability and global markets. The agreement, confirmed by US President Donald Trump and Iranian officials, aims to ease economic pressure and cease military operations.
Fighting in Lebanon has seen a decrease following the deal, though it has not entirely stopped, with Israeli strikes and Hezbollah rocket fire reported. Authorities are cautioning displaced residents against returning home due to ongoing Israeli military operations. Israel has rejected the deal, vowing to continue operations against Hezbollah.
The Strait of Hormuz is partially cleared, with a full reopening anticipated by Friday. However, the process is described as slow and painstaking. The US has lifted its naval blockade, allowing Iranian vessels to pass. France and the UK are set to lead a multinational mission to ensure the waterway's security.
Iran views the deal as a victory, anticipating the release of over $100 billion in frozen assets and sanctions relief, though the White House has separated sanctions relief from the deal, linking it to IAEA verification. Substantive negotiations on Iran's nuclear program and other issues are expected to follow over the next 60 days, with some US Democrats and Israeli politicians criticising the agreement for its perceived lack of benefits for the US and its potential to embolden Iran.
Lingering distrust between Iran and the US remains, with Iranians citing historical instances of broken promises. Meanwhile, FIFA has upheld a ban on a monarchist Iranian flag at a World Cup match, highlighting the continued political sensitivities surrounding Iran.