US and Iran reach initial agreement, but the hard part hasn’t started yet

The US and Iran have reached a preliminary interim agreement to ease immediate tensions and open a diplomatic window. While this deal could reshape future relations and influence global markets, critical issues and key disputes remain unresolved. This leaves a risk of future instability and market volatility, as the most difficult parts of the negotiations have not yet started. The agreement serves as a temporary measure while deferring the resolution of core conflicts.