The two sides haven’t released the text of the agreement, but both have framed it as a victory.

Trump said the US reached a deal with Iran to reopen the Strait of Hormuz, a possible end to a 15-week conflict that upended global oil markets.

WASHINGTON — Iran is poised to attract up to $300 billion in investments from the very Gulf states it targeted with drones and missiles throughout the more than three-month-old war — if it can get its act together,

The deal was expected to open the Strait of Hormuz, lift the U.S. naval blockade on Iranian ports and pave the way for further talks. It did not address Iran’s nuclear program.

A rally is planned for outside the stadium near Los Angeles, home to the largest Iranian community outside Iran. Many of Southern California’s Iranian Americans arrived after the Islamic Revolution, and a hub of eateries, shops and markets about 10 miles (16 kilometers) from the stadium is known as “Tehrangeles.”

The US and Iran agreed to a cease-fire ending months of conflict, with a formal signing set for Geneva. The deal halts military operations and eases tensions, impacting oil prices and global markets.

The United States and Iran have reached an interim deal aimed at ending the war and reopening the Strait of Hormuz. 1967 — Iran takes possession of the Tehran Research Reactor supplied by America

What Iranian officials have said about the terms of the agreement differ from US descriptions. Follow for live updates.