The U.S. and Iran have signed an initial peace deal that is expected to open the Strait of Hormuz and waive U.S. sanctions on Iranian oil but reserve some of the toughest negotiati

The U.S. and Iran have signed an initial peace deal that is expected to open the Strait of Hormuz and waive U.S. sanctions on Iranian oil but reserve some of the toughest negotiations for a 60-day period ahead.