While the president says the agreement with Iran would open the Strait of Hormuz and provide economic relief, the country’s nuclear program is still a subject for negotiation.

© Eric Lee for The New York Times

In a call to The New York Times, President Trump praised Russia’s and China’s leaders and described Israel’s prime minister as “a very difficult guy.”

© Eric Lee for The New York Times

President Trump said more than 200 commercial vessels had safely traveled through the strait. That’s still far fewer than before the start of the war.

© Reuters

A “memorandum of understanding” between the two sides is under discussion. Both sides are keen to frame it as a victory.

Since announcing a nominal cease-fire two months ago, Iran, Israel and the U.S. have remained locked in low-intensity violence that has become a new normal.

© Arash Khamooshi/Polaris for The New York Times

The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.

© The New York Times

With more than 500 ships still stranded in the Persian Gulf, pressure on the shipowners and sailors is growing by the day.

© Reuters