US, Iran Prepare to Formalize Interim Peace Deal

The US and Iran are preparing to formally sign an interim peace deal, with financial details of the accord beginning to surface. The agreement, which both nations claim as a victory, is expected to have implications for regional stability and energy markets. Despite the impending deal, energy industry insiders express skepticism regarding the speed at which the Strait of Hormuz could be fully reopened or its impact on global oil flows. Iran's Deputy Foreign Minister confirmed the agreement, though specific terms and timelines remain under wraps.