US and Iranian officials said they had reached an agreement to end the conflict that began in February this year. To date, however, there are still many doubts about how this pact will proceed. Shipping companies say it could take weeks for confidence to be restored after the Strait of Hormuz reopens, and fundamental questions remain unanswered. US President Donald Trump said on Tuesday that the deal to stop the conflict between the US and Iran is “closed” and moving into a second phase. Details have not yet been released and the two countries say a permanent truce still needs to be negotiated. Related news: Israel bombs Lebanon after announcement of agreement between Iran and the USA. Iran and the US agree to suspend conflict and reopen Strait of Hormuz. US deputies support rule that limits Trump's powers against Iran. Iranian President Masoud Pezeshkian wrote on social media yesterday that the interim agreement was an “important step” towards stopping the fighting, but noted that the final agreement for a lasting truce “has not yet taken shape”. The interim agreement would extend for another 60 days the fragile ceasefire announced in April and reopen the Strait of Hormuz, which Iran has blocked since the US and Israel attacked the country in February. Negotiators would address difficult issues such as the future of Iran's nuclear program during the next phase of negotiations, which Iranian Foreign Minister Abbas Araqchi said would begin in Switzerland on Friday after the formal signing of the framework agreement. Two more issues that Trump and Israeli Prime Minister Benjamin Netanyahu used to justify the war — ending Iran's support for regional armed groups and containing its missile program — should not appear on the agenda of these negotiations. US Vice President JD Vance and Iran's main negotiator, Mohammad Baqer Qalibaf, are expected to attend the formal signing on Friday (19), in Geneva. Final agreement  Oil prices fell to fresh three-month lows on Tuesday, a day after plunging nearly 5% following news of the deal, although industry officials say Middle East oil and gas production will take months to fully recover. Vance told CNN that the signed memo is a “very general document.” Details would be released in the next two days, according to US officials. Both sides still face pressure after a conflict that killed at least 7,000 people, mainly in Iran and Lebanon, and shook global energy markets. The deal exposes Trump to criticism within his own party, while Iran's leaders could face the risk of renewed protests if they fail to ease economic pressures after a destructive war. *Reproduction of this content is prohibited.