The United States and Iran have reached an agreement intended to end their ongoing conflict related to oil production and trade. The deal, previously hinted at by former President Donald Trump, was confirmed by both nations on Sunday evening. Details remain limited, but the agreement is expected to significantly increase global oil supply. The formal signing of the accord is scheduled to take place in Geneva, Switzerland, on June 19th. This development signals a potential shift in geopolitical dynamics and energy markets. The agreement’s specifics regarding sanctions relief and production quotas are anticipated to be revealed closer to the signing date. Experts suggest the deal aims to stabilize oil prices and reduce tensions in the region.