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Iranian President Masoud Beshteyan affirmed that the memorandum of understanding between Iran and the United States serves the interests of his country, and that the benefits of the negotiations will become evident soon. Its provisions include a halt to military operations on all fronts, the reopening of the Strait of Hormuz, the lifting of the maritime blockade, easing financial restrictions, the release of frozen assets, and the establishment of a reconstruction fund valued at $300 billion. Additionally, an Iranian delegation led by Mohammad Bagher Ghalibaf traveled to Switzerland to continue negotiations with Washington.
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