President Donald Trump announced Sunday that an agreement with Iran has been reached and that the US will end its naval blockade on the country, marking the most significant development yet in months of negotiations.

The agreement includes the opening of the Strait of Hormuz, a crucial waterway for international trade. The text of the memorandum of understanding has been finalized, and the official signing of the Islamabad Memorandum of Understanding will take place in Switzerland on Friday.

Details of the Agreement

Kazem Gharibabadi, Iran’s deputy foreign minister for legal and international affairs, told Iranian state media outlets that the memorandum of understanding is expected to kick off 60 more days of negotiation on ending the war.

Vice President JD Vance said that he plans to attend the official memorandum of understanding signing ceremony between the US and Iran, though he also said President Donald Trump may attend himself.

Earlier Sunday, Trump sharply criticized Israel over a strike in Beirut, which he indicated had threatened to jeopardize diplomatic efforts with Iran. Iran’s top security official warned that Lebanon is one of Tehran’s “red lines” in negotiations.

Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.