US official: MOU mandates Strait of Hormuz reopening
Washington and Tehran have reached a memorandum of understanding that includes the immediate reopening of the Strait of Hormuz without imposing transit fees, and the easing of sanctions contingent upon Iran's compliance with its nuclear commitments. This involves reducing the level of enriched uranium and conducting nuclear negotiations during a 60-day ceasefire period. The memorandum also outlines a framework for handling Iran’s stockpile of enriched uranium, along with exploring mechanisms for Iran to use frozen funds to purchase humanitarian goods, amidst understandings to determine the date for signing the final agreement.
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