A signing is planned for Friday, marking a potential breakthrough in a war that has roiled the global economy.

The agreement constitutes the most notable diplomatic development since the strikes on Iran began Feb. 28. American and Israeli forces decapitated the Iranian government by reportedly acting on information that many of the country’s top leaders would be in the same place at the same time.

The United States and Iran reached an initial agreement early Monday to open the Strait of Hormuz and further extend a shaky ceasefire in the Iran war.

The U.S. and Iran agreed to a framework extending their ceasefire for 60 days, with a formal signing ceremony expected Friday and nuclear talks to follow. Why it matters: The agreement could reopen the Strait of Hormuz,

The United States and Iran reached an initial agreement early Monday to open the Strait of Hormuz and further extend a shaky ceasefire in the Iran war, potentially allowing desperately needed oil and natural gas to reach the global market.

The United States and Iran have reached a deal to end their war, U.S. President Donald Trump and Pakistani Prime Minister Shehbaz Sharif posted on Sunday.

President Donald Trump criticized an Israeli strike on the Lebanese capital Beirut on Sunday, as Iran threatened to walk away from peace talks over the attack. "This morning’s attack on Beirut should not have happened,

US President Donald Trump’s aim of getting an interim peace deal with Iran signed on Sunday looked increasingly unlikely following Israeli attacks on Hezbollah sites in Lebanon’s capital.