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The deal follows weeks of mixed messaging from both Washington and Tehran on the trajectory of the conflict.
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President Trump said the U.S. would remove its blockade of the Strait of Hormuz.
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President Donald Trump posted that "the Deal with the Islamic Republic of Iran is now complete" and says the Strait of Hormuz will open immediately.
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An initial deal to end the war and open the Strait of Hormuz was expected to be signed this week.
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President Trump and other G7 leaders meet in the French Alps this week as wars, economic uncertainty and strains in the transatlantic alliance loom over the summit.
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The attacks complicated an already delicate moment as President Trump and Iran appeared to be edging toward finalizing a framework peace agreement.
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;Resize=(620)) British armed forces intercepted a sanctioned Russian shadow fleet oil tanker in the Channel on Sunday, leading for the first time an operation to disrupt the oil revenue ?that helps fund Russia's war in Ukraine.
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;Resize=(620)) The Israeli military said it launched strikes on Beirut on Sunday targeting Hezbollah infrastructure, despite ongoing efforts to negotiate an end to the U.S.-Iran war. Smoke could be seen rising over the Lebanese capital.
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The gathering was originally expected to be a meeting focused on a variety of separate economic and security issues.
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President Trump said it would be signed on Sunday, but Iran's Foreign Ministry cautioned that the timeline could be slower.
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Pakistan's prime minister, a key mediator in U.S.-Iran talks to end the war, said Saturday that a peace deal was closer "than ever before," and could be finalized "in the next 24 hours."
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The war has produced regime change, but Iran's new leaders are more willing to take risks and believe they have already absorbed the worst that America and Israel can deliver.
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More than 3,700 people in Lebanon have died in the war between Israel and Hezbollah. In a village in southern Lebanon, one airstrike last month killed 14 people, including 10 women and children.
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Israel's military said a car was speeding toward soldiers when one of them opened fire. The baby's grandmother, who said she was in the car, disputed that account.
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