US, Iran target June 19 signing on war halt and Hormuz reopening
What's next: negotiators still have to settle technical terms, and the framework also hinges on an end to hostilities in Lebanon.
The United States and Iran are working toward a June 19 signing in Switzerland on a framework to halt their war and reopen the Strait of Hormuz, a move that eased market fears after months of fighting and energy disruption. Vice President J.D. Vance said the text of the agreement could be released this week, but key details remain under negotiation. He said Washington expects the strait to stay open without tolls over the long term. The framework is the biggest step so far toward ending a conflict that began with joint US-Israeli strikes on Iran in February and has killed thousands. Vance said Iran's foreign minister and House speaker are expected to attend the signing. Talks on Tehran's nuclear program are being deferred.