US and Iran review temporary deal to halt fighting
The U.S. and Iran are reviewing a temporary deal to halt fighting and stabilize shipping. The plan leaves nuclear issues unresolved but has lowered oil prices.
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The United States and Iran are negotiating a short-term memorandum to halt full-scale warfare that began on February 28. The proposal aims to stabilize shipping and pause a conflict that saw a preliminary ceasefire on April 7. Potential de-escalation has already pushed oil prices down 3% to $98 a barrel as supply disruption fears ease.
