00:00President Trump announced Sunday that the U.S. and Iran have reached a preliminary peace agreement
00:05aimed at ending months of conflict and reopening the Strait of Hormuz,
00:09one of the world's most important oil shipping lanes.
00:12The agreement reportedly includes a ceasefire, negotiations over Iran's nuclear program,
00:18potential sanctions relief, and the release of frozen Iranian assets.
00:22A formal signing is expected later this week in Switzerland,
00:25although details remain under negotiation and some hardline factions inside Iran are openly criticizing the deal.
00:33Markets reacted immediately, with oil prices falling sharply as fears of supply disruptions eased.
00:40The biggest unanswered question is whether both sides can successfully complete the next 60 days of nuclear negotiations.
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