273 articles — keywords: Iran
Defense Secretary Pete Hegseth warned Thursday that the U.S. military stands ready to reimpose a naval blockade if Iran fails to comply with the agreement.
The national average dropped to $3.999 per gallon Thursday, still about a third higher than before the war began.
The 14-point framework extends a ceasefire and sets up 60 days of technical negotiations but leaves key questions about enriched uranium unresolved.
Vice President Vance says the full text of the agreement will be released by Friday at the latest, after Qatari and Pakistani mediators asked for a delay.
A signing ceremony is expected Friday in Switzerland to formalize the memorandum of understanding between Washington and Tehran.
Tanker operators say they need proof the Strait of Hormuz is safe before resuming transit, complicating any quick return to normal oil flows.
France and the UK offered to deploy warships and deminers within days to help reopen the waterway, which has been closed to most shipping since late February.
Oil prices fell to three-month lows after officials agreed to a 60-day ceasefire while final arrangements are still being negotiated.
Pakistan served as a key mediator, and an official signing ceremony is set for Friday in Switzerland.
Dow futures climbed more than 300 points and oil prices dropped nearly 5% after President Trump announced the agreement late Sunday on Truth Social.
The three-day summit opens Monday in Évian-les-Bains, France, where leaders are also expected to clash over AI regulation and Ukraine.
Pakistan's prime minister said Saturday a deal was expected within 24 hours, but Iran's foreign ministry said it would not be signed Sunday.
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