ISLAMABAD (AP) — 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.
Details of the deal were not immediately released and Iran signaled implementation would not start until the signing, which key mediator Pakistan said would occur Friday in Switzerland.
But the memorandum of understanding over the war already faced intense challenges. Israel's continued hostilities with the Iranian-backed militia Hezbollah in Lebanon, where Israel bombed Beirut's southern suburbs Sunday, nearly derailed the negotiations.
