Global leaders on Sunday welcomed a tentative peace agreement between the United States and Iran aimed at ending over 100 days of intense conflict.
The "E4" group—comprising the UK, France, Germany, and Italy—announced they are prepared to lift economic sanctions if Tehran takes verifiable steps to dismantle its nuclear program. A core component of the deal involves the immediate reopening of the Strait of Hormuz, a critical maritime chokepoint through which one-fifth of the world's oil supply passes. While the deal promises to stabilize global energy markets and regional tourism, some critics remain skeptical that Iran will adhere to permanent nuclear restrictions.
G7 leaders are scheduled to meet in France on Monday to coordinate implementation ahead of an official signing ceremony in Geneva this Friday.
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