Live: US and Iran sign agreement to end war

In a historic move, the US and Iran have signed a memorandum of understanding to officially end their long-standing war and facilitate the reopening of the Strait of Hormuz, a critical global shipping route. This agreement signifies a major step towards reducing tensions that have plagued the region for years. The significance of this accord extends beyond regional stability, potentially impacting global trade and energy markets, as the Strait of Hormuz is crucial for oil transit. The implications of this diplomatic breakthrough could reshape international relations and set a precedent for conflict resolution.