The United States and Iran are set to sign a peace agreement during an online meeting, according to Saudi Arabia's Al Arabiya television. The meeting, scheduled for June 14, will include mediators from Pakistan and Qatar. Key figures such as Vance and Iranian Parliament Speaker Ghalibaf will be present for the signing of a memorandum of understanding. This agreement will lead to the opening of the Strait of Hormuz, allowing ships to pass without incurring fees.