US officials say Iran pact signed, Hormuz traffic will rise significantly (opens original article in a new tab)

US and Iran signed a memorandum of understanding to end a near four-month war, with a formal ceremony planned and increased shipping traffic in the Strait of Hormuz expected.

• US and Iran signed a memorandum of understanding to end a near four-month war
• A formal signing ceremony is scheduled for Friday
• Shipping traffic in the Strait of Hormuz is expected to rise significantly
• US officials confirmed the agreement and its implications