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U.S. and Iran announce a deal to end the war, reopen Strait of Hormuz

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The United States and Iran announced a deal to end their conflict and reopen the Strait of Hormuz, a major breakthrough in a war that destabilized the Middle East and roiled global markets. The agreement represents a significant diplomatic achievement, though negotiators deferred several critical issues to later rounds of talks. The deal's terms and timeline for implementation remain unclear from the announcement, and unresolved questions about sanctions relief, nuclear facilities, and regional proxy forces could complicate the peace process ahead.