ISLAMABAD (AP) — In a significant development, the United States and Iran have come to a tentative agreement early Monday aiming to reopen the critical Strait of Hormuz. This move, coupled with an extension of the fragile ceasefire in the ongoing Iran conflict, could potentially pave the way for much-needed oil and natural gas supplies to flow back into the global marketplace.
Specifics of the accord remain under wraps, with Iran indicating that implementation hinges on a formal signing. Pakistan, playing a pivotal mediator role, announced that the signing is scheduled for Friday in Switzerland. This agreement holds promise for ending a conflict that has claimed thousands of lives throughout the Middle East, including the loss of Iran’s top theocratic leaders, and has triggered an unprecedented energy crisis.
However, the memorandum of understanding encounters significant hurdles. Ongoing hostilities between Israel and the Iranian-supported Hezbollah militia in Lebanon, exemplified by Israel’s bombing of Beirut’s southern suburbs on Sunday, nearly disrupted the negotiation process.
The agreement allows a narrow window of 60 days to address the issue of Iran’s stash of highly enriched uranium and its nuclear ambitions—a matter that took years to negotiate in the 2015 nuclear agreement with global powers. Tensions escalated after U.S. President Donald Trump withdrew unilaterally from that accord during his first term, setting the stage for the ensuing conflict.
In celebration, Trump took to social media, expressing his joy with a “Congratulations to all!” message, coinciding with his 80th birthday festivities, which included a UFC cage match at the White House.
He added, “I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” which was imposed in retaliation for Iran’s grip on the crucial waterway.
He soon hedged, however, saying the strait wouldn’t open until Friday’s signing.
Iran’s deputy foreign minister, Kazem Gharibabadi, confirmed the agreement on state television but said Iran would not start implementing it until it was signed Friday. He said the deal followed talks with Qatar, another mediator.
Israel, which has insisted it be allowed a freehand to pursue Hezbollah as it occupies southern Lebanon and has extended its military operations into areas its forces haven’t been in a quarter century, did not immediately comment. Israel joined the U.S. in launching the war on Feb. 28.
Benchmark Brent crude oil fell more than $4 a barrel on the news as Asian stock markets rallied.
Pakistan, a key mediator, announces deal
Pakistan first announced the deal, with Prime Minister Shehbaz Sharif saying “both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.” It remains unclear whether Israel, which relies on the U.S. but has launched in wars against its enemies since Hamas’ Oct. 7, 2023, attack on Israel, agreed to that term.
He added that mediators this week will facilitate meetings to “lay the foundation for the technical talks.”
Broader negotiations on outstanding issues like Iran’s nuclear program would continue over the next 60 days, two senior Pakistani officials said earlier Sunday, speaking on condition of anonymity because they were not authorized to discuss the matter publicly. If the sides fail to reach a resolution within that time, the timeline could be extended.
Iranian state television cited the secretariat of the Supreme National Security Council saying the war on all fronts “will end immediately and permanently beginning tonight” — but that the U.S. blockade “will be terminated immediately and in full.”
Qatari mediators later left Tehran following 17 hours of negotiations, said an official briefed on the developments who spoke on condition of anonymity due to sensitivity of the talks. Separate preparatory meetings with each side will take place in Doha this week, the official said.
It was not clear who from Iran would sign the deal on Friday. U.S. Vice President JD Vance told Fox News the White House was still figuring out who would attend: “I certainly plan to be there, but it’s possible the president himself could be there.”
But concern among Republicans in the U.S. already could be seen. They included U.S. Sen. Lindsey Graham of South Carolina, who described Vance as “the architect of the deal.”
“I am somewhat concerned that Iran’s view of the agreement seems different than what the American negotiating team is claiming,” Graham wrote online.
U.S. Rep. Gregory Meeks of New York, the top Democrat on the House Foreign Affairs Committee, said Congress would exercise oversight on any accord with Iran.
“We have seen time and again: War cannot change the Iranian regime,” he said.
Interim deal faces intense scrutiny
The first strike of the war killed Iran’s supreme leader, Ayatollah Ali Khamenei, and Khamenei’s son, Ayatollah Mojtaba Khamenei, is now supreme leader. He has not been seen in the public since the war began, but his approval was needed for Iran to sign off on the deal.
There was apparent friction inside Iran in the hours before the announcement, as the government warned that division at home over the deal weakened its negotiating position.
The deal likely returns the region to a status that existed before the war, but with Iran having proven its ability to disrupt shipping in the strait. The waterway is crucial to significant shipments of oil, natural gas and related products like fertilizer, and its effective closure rocked the global economy.
Even with a deal, it will take months for oil and gas supplies to flow freely enough for the world’s needs to be met because shipping and insurance companies want to be confident the agreement will last, energy experts said.
Tehran also still has a ballistic missile arsenal and enough highly enriched uranium to build several nuclear weapons, should it choose to pursue them.
Iran has long maintained its nuclear program is peaceful and has not publicly committed to giving up the enriched uranium, which is believed to be buried under three nuclear sites that were badly damaged by U.S. strikes last year.
The U.S. has sought the removal of the enriched uranium from Iran as part of a deal. Russia has offered to take it. But Iran insists it wants to keep the uranium.
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Frankel reported from Jerusalem, Sewell from Beirut and Weissert from Washington. Associated Press writers Melanie Lidman in Tel Aviv, Israel, Cathy Bussewitz in New York and Cara Anna in Lowville, New York, contributed to this report.