Summary

• US President Donald Trump and Iran’s Masoud Pezeshkian sign an initial deal to end the war – watch Trump sign the document
• As part of the 14-point memo, further talks to reach a final agreement will take place over the next 60 days, during which the Strait of Hormuz reopens
• An empowered Iranian regime now knows that the key shipping route is a weapon that can be used, writes the BBC’s Jeremy Bowen
• Oil prices fall after the signing, with a barrel of Brent crude now costing $75 (£57) – down about 2% on the day
• Also included in the deal is a $300bn plan for Iran’s “reconstruction”, but key questions around its nuclear programme remain – here’s what the 14-point deal covers
• An official signing ceremony, with US and Iranian representatives, had been scheduled to take place in Switzerland on Friday – it’s not clear if this will still happen