U.S.-Iran Memorandum of Understanding Demands Immediate Reopening of Strait of Hormuz, Iran Could Receive Sanctions Relief

Odaily Odaily reports that Trump stated the upcoming U.S.-Iran Memorandum of Understanding demands the immediate resumption of navigation through the Strait of Hormuz without the collection of tolls, and proposes a gradual granting of sanctions relief contingent on Iran's compliance. The agreement intends to extend the ceasefire for 60 days, encompassing Lebanon, and to advance nuclear negotiations during this period.

Reports indicate that the U.S. and Iran have reached an agreement on the text of the memorandum, but it still requires final approval. The memorandum includes a framework for addressing Iran's enriched uranium stockpile, with Iran pledging not to pursue nuclear weapons. The related nuclear arrangements still need to be implemented through more detailed subsequent agreements.

Additionally, the agreement requires the Strait of Hormuz to return to pre-conflict shipping levels within 30 days. In exchange, the U.S. will lift relevant blockade measures and allow Iran to resume oil exports within a specified timeframe. If Iran continues to comply and demonstrates "good faith" in subsequent negotiations, the scope of sanctions relief will be further expanded. (Axios)