The United States and Iran reached a de facto end-of-war agreement on November 14th, focusing on the opening of the Strait of Hormuz. US Vice President Mike Pence indicated that President Donald Trump may attend a signing ceremony for the agreement. The deal signifies a potential easing of tensions in the region, which has seen increased conflict in recent months. Details regarding the specifics of the agreement beyond the Strait of Hormuz remain limited. This development follows ongoing diplomatic efforts to reduce escalating hostilities between the two nations. The agreement could have significant implications for global oil markets and regional stability. Further information is expected as the signing ceremony approaches.