According to France 24, the United States and Iran have signed a memorandum of understanding establishing a 60-day negotiation window for a broader agreement. Vice President JD Vance announced the development at a White House briefing Thursday, noting that the deal follows an overnight signing. The agreement comes as approximately 12.5 million barrels of oil continue flowing through the Strait of Hormuz, a critical chokepoint for global energy markets. The two-month period will test whether sustained diplomatic engagement can produce a lasting accord between the longtime adversaries.

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