The United States and Iran have signed a preliminary agreement. This development follows decades of crippling sanctions faced by Iran from the United States and other nations.
The United States and Iran will now measure each other’s will to implement their agreement and determine whether conditions for something durable exist. Europe and the larger world will be watching carefully to see if talks produce a lasting agreement on Iran’s nuclear program and the Strait of Hormuz.
If the deal holds, Iran will see an end to the war, phased sanctions relief, renewed oil exports and the prospect of vast reconstruction funds.