The United States and Iran have signed an agreement intended to end ongoing hostilities between the two nations, with implementation beginning two days ahead of schedule. The deal was signed with both sides acknowledging the difficulty of negotiations; the US President stated the process “was not easy,” while Iranian officials expressed satisfaction, claiming they achieved “everything” they desired. A key component of the agreement involves the reopening of the Strait of Hormuz to international shipping, set to occur “immediately.” However, Iran announced it will begin charging tolls for passage through the Strait after a 60-day period. The agreement represents a significant diplomatic shift, aiming to reduce tensions in the region and stabilize global energy markets. Details regarding the specifics of the agreement beyond the Hormuz passage and toll implementation remain limited.