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Bloomberg reported that Washington and Tehran announced a Memorandum of Understanding that includes ending the war on all fronts, refraining from any hostile actions, and reaching an agreement within 60 days. The agreements provide for lifting the naval blockade on Iran and withdrawing American forces within 30 days of signing, along with Iranian commitments not to produce nuclear weapons and to resume maritime traffic. The clauses also include cooperation in rehabilitating the Iranian economy and lifting oil sanctions, with Washington committed to protecting frozen assets.
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