politics
Peace deal between US and Iran announced, with strait of Hormuz expected to reopen
Exact terms of the deal not clear amid differing claims from both sides on when access to the global shipping route would be restored

TL;DR
- A peace deal between the US and Iran has been announced, aiming to end nearly four months of fighting.
- The deal includes an immediate and permanent termination of military operations on all fronts, including in Lebanon.
- US President Donald Trump announced the opening of the Strait of Hormuz and the removal of the US naval blockade.
- Iran's Mehr state news reported the memorandum of understanding calls for the Strait of Hormuz to be reopened within 30 days under Iranian arrangements.
- A signing ceremony for the peace agreement is expected to take place on June 19 in Switzerland.
- An Israeli strike on Lebanon on Sunday drew criticism from both Iran and US President Donald Trump.
- The memorandum of understanding does not appear to address contentious issues like Iran's nuclear program, which would be addressed in a subsequent comprehensive deal.
- Concerns have been raised about the absence of terms addressing Iran's ballistic missile arsenal or support for regional militant movements.
- Critics in Israel and the US Republican party have expressed skepticism about the deal and its terms.