US-Iran Historic Deal Highlights
The American-Iranian memorandum of understanding confirmed a 60-day extension of the ceasefire and the opening of the Strait of Hormuz to international shipping without fees, while nuclear negotiations continue during this period. The agreement also includes gradual relief of sanctions on Iran in exchange for its commitment not to possess a nuclear weapon and to address its high-enriched uranium stockpile. Additionally, temporary sanctions waivers will be granted to allow oil exports for 60 days. The agreement is expected to be named "Islamabad" after it is signed, and it is the result of Qatari and Pakistani mediation efforts.
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