(3rd LD) U.S. says Iran deal signed, expects toll-free Strait of Hormuz transit as part of final pact (opens original article in a new tab)

The U.S. and Iran have signed a memorandum of understanding to end their conflict, including a 60-day ceasefire and toll-free access to the Strait of Hormuz, with further negotiations to follow.

• U.S. and Iran signed a memorandum of understanding to end their conflict with a 60-day ceasefire.
• The MOU includes toll-free access to the Strait of Hormuz for 60 days, with expectations it will be part of the final agreement.
• U.S. officials stated that benefits for Iran, including sanctions relief, depend on meeting obligations under the deal.