Iran war day 108: Iran, US reach a tentative deal to end conflict

What Happened

On 7 April 2025, US President Donald Trump and Iranian Deputy Foreign Minister Kazem Gharibabadi announced a tentative deal to end a war that began on 28 February 2025 with a US-Israeli assault on Iran. Trump posted on Truth Social that 'The Deal with the Islamic Republic of Iran is now complete,' and a memorandum of understanding is to be signed in Switzerland on Friday, according to Pakistan’s prime minister, whose country mediated. The draft terms, reported by Iran’s Mehr news agency and Iran’s Supreme National Security Council, include: reopening the Strait of Hormuz within 30 days under Iranian arrangements and toll-free shipping, release of $12 billion in frozen Iranian assets, an immediate and permanent cessation of hostilities on all fronts including Lebanon, and an end to the naval blockade against Iran. Negotiations continue on whether Iran will suspend uranium enrichment for 15 or 20 years, Trump indicated. The deal was announced amid an Israeli airstrike on Beirut that Trump blamed on Prime Minister Benjamin Netanyahu, saying it delayed the signing. The announcement triggered a 4.7% drop in Brent crude to $83.25 and surges in Asian stock markets.

Key Actors

Why It Matters

The tentative deal halts a 108-day US-Iran war that closed the Strait of Hormuz, killed thousands, and destabilized energy markets. It freezes military operations across multiple fronts, including Lebanon, and would release $12 billion in frozen assets while capping Iran’s nuclear enrichment for up to 20 years. Global leaders welcomed the step, but Israeli silence and vague enrichment terms pose risks. The agreement could realign regional power dynamics and test US domestic political support.

Watch For

The scheduled signing of the memorandum of understanding in Switzerland this Friday; Israel’s formal response and potential spoiler actions; confirmation of the 30-day Strait of Hormuz reopening timeline; technical negotiations on uranium enrichment suspension duration; and the political fallout in Washington as Democrats criticize both the war and the deal.