U.S. and Iran Set to Sign 60-Day Peace Accord in Switzerland

The United States and Iran are prepared to formally sign a 14-point provisional peace agreement this Friday in Switzerland. The landmark deal mandates a 60-day total cessation of hostilities across all fronts, including Lebanon, and requires the immediate de-mining and reopening of the Strait of Hormuz. A core pillar of the accord, Point 8, includes a binding Memorandum of Understanding in which Iran reaffirms its commitment to neither procure nor develop nuclear weapons. Following the initial signing, technical teams are expected to meet in Islamabad on July 11 to negotiate long-term implementation details. President Donald Trump has confirmed that a tactical pause in military actions will remain in effect through the funeral proceedings for the late Supreme Leader Ali Khamenei. While the Strait of Hormuz will initially open without transit fees to clear technical and military barriers, Iranian officials have indicated that "service fees" covering security and environmental costs will be introduced after the 60-day window. These fees may be adjusted based on a nation's diplomatic stance toward Iran during the conflict. Amidst these diplomatic shifts, Tehran is grappling with a significant humanitarian crisis. Over 4,000 mourners have reportedly sought medical attention for respiratory issues and injuries due to extreme crowd density. Iranian health officials have prepared contingency plans for potential mass-casualty incidents, as the burial of the late Supreme Leader continues. Meanwhile, the new Supreme Leader, Mojtaba Khamenei, has been advised by his security detail to avoid public appearances at the upcoming July 9 burial in Mashhad to mitigate assassination risks.