WASHINGTON—The United States and Iran have formally entered a 60-day negotiation period to finalize a peace agreement, following the signing of a letter of intent on Thursday. The announcement came hours before planned US military strikes against Iran were called off by President Trump, who cited progress in diplomatic talks.

The agreement, if successfully concluded, would mark a significant shift in US-Iran relations, which have been strained by decades of geopolitical tensions and economic sanctions. The 60-day window allows both nations to address critical issues, including nuclear proliferation and regional security concerns.

Implications for American Sovereignty

The potential deal raises questions about its impact on American sovereignty and economic interests. Critics argue that any agreement must prioritize US workers and industries, particularly in light of Iran's history of adversarial policies. Proponents, however, suggest that diplomatic engagement could reduce military expenditures and redirect resources toward domestic priorities.

"Any deal with Iran must be scrutinized to ensure it aligns with American interests and strengthens our national security," said a senior administration official.

As negotiations proceed, both sides will face pressure to avoid concessions that could undermine their respective strategic goals. The outcome will likely shape US foreign policy in the Middle East for years to come.