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The article reports on the release of a memorandum of understanding (MOU) between the US and Iran aimed at ending hostilities. The agreement commits both nations to immediate ceasefires, resumption of maritime traffic, removal of sanctions, and opening negotiations within 60 days to finalize a comprehensive deal. Key provisions include lifting military blockades, ensuring safe passage for commercial vessels, and addressing Iran's nuclear program, with plans for sanctions termination and economic development cooperation.
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