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Reports indicate that a memorandum of understanding has been signed between the United States and Iran to end the military conflict, with a specified timeline for lifting the maritime blockade and resuming navigation through the Strait of Hormuz. Additionally, negotiations are scheduled to take place within 60 days. Under the agreement, Iran’s oil revenues will be monitored by the United States, with the possibility of suspension if Iran does not comply. Meanwhile, an Iranian delegation left the negotiations in protest against threats from Trump. The negotiations also saw an escalation of tensions between the two sides, amid indications of a possible settlement and impacts on regional security.
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