US-Iran deal said set to halt regional hostilities, including in Lebanon, lift blockade (opens original article in a new tab)

The US and Iran are set to sign a memorandum of understanding to halt regional hostilities, including in Lebanon, and lift the US naval blockade. The agreement includes Iran reaffirming its commitment not to develop nuclear weapons and the US lifting sanctions on oil sales. A $300 billion investment fund for Iran's reconstruction is also part of the framework.

• US-Iran memorandum of understanding to halt hostilities, including in Lebanon, and lift naval blockade.
• Iran to maintain nuclear program status quo and ensure commercial navigation through Strait of Hormuz for 60 days.
• US and Iran to resolve enriched uranium stockpile issue and hold talks on future enrichment and civilian nuclear needs.