US, Iran Sign Memorandum of Understanding to End War
Details of the agreement were revealed earlier Wednesday by a senior U.S. official.
TL;DR
- US and Iran signed an agreement on June 17 to end a nearly four-month war.
- The memorandum of understanding includes reopening the Strait of Hormuz and Iran halting its nuclear weapons program.
- Potential future economic relief for Iran is contingent on adherence to U.S. demands.
- President Donald Trump signed the agreement at the G7 leaders summit in Versailles.
- Iran will immediately reopen the strait without tolls during a 60-day negotiation period.