U.S. and Iran Agree to Ceasefire, Plan Qatar Talks on Hormuz Dispute

The U.S. and Iran agreed to stop attacking each other one hour before U.S. futures markets opened, according to a senior U.S. official. The two sides also scheduled a meeting for Tuesday in Qatar's capital to address their dispute over the Strait of Hormuz.

The meeting in Doha is intended to work out terms for ending the attacks. Officials from both countries will attend the session.

Background The agreement follows a period of direct exchanges between the two sides. The Strait of Hormuz remains the central point of contention in the current dispute.