A deal signed by Donald Trump and Iranian President Pezeshkian has led to a significant drop in oil prices and the reopening of the Strait of Hormuz. The agreement includes Iran diluting its enriched uranium stockpile, a key demand from international powers. In return, sanctions are expected to be eased, paving the way for Iran’s economic reconstruction. The deal aims to de-escalate tensions in the region and address concerns over Iran’s nuclear program. This agreement marks a shift in US-Iran relations after a period of heightened conflict. Analysts predict increased oil supply and a stabilization of global energy markets as a result of the reopened shipping lane. The specifics of the deal regarding the extent of uranium dilution and the timeline for sanctions relief remain under scrutiny.