U.S. and Iran Reach Preliminary De-escalation Agreement Ahead of Geneva Summit

President Donald Trump announced Tuesday that a peace deal with Iran is "all signed," following the reached memorandum of understanding between the U.S. administration and Iranian Parliament Speaker Mohammad Ghalibaf. The agreement aims to end the immediate military maritime blockade and move toward broader diplomatic normalization. While the White House signaled the deal is effectively in place, Iranian Deputy Foreign Minister Kazem Gharibabadi maintained a more cautious stance, noting that implementation will not begin until a formal signing ceremony occurs later this week. The centerpiece of the immediate de-escalation is the reopening of the Strait of Hormuz. Traffic in the vital waterway is expected to see a "significant increase" leading up to Friday, when the blockade is slated to be fully lifted. Beyond maritime security, the deal includes a 60-day window for both nations to resolve the status of Iran's highly enriched uranium stockpile. International leaders, including French President Emmanuel Macron, have praised the development as a vital step toward restoring global shipping stability. Despite the diplomatic breakthrough, regional risks remain. Analysts and officials warn that the ongoing conflict in Lebanon serves as a potential spoiler for the agreement. Furthermore, while global energy markets responded positively with a drop in oil prices, experts suggest that fully easing the global energy shock caused by the recent blockade could still take months. The formal transition from military tension to diplomatic implementation will culminate in Geneva this Friday.