U.S. releases Iran MOU text, including 60 days of no-charge Hormuz transit (opens original article in a new tab)

The U.S. disclosed a memorandum of understanding with Iran aimed at ending their conflict, featuring 60 days of free passage through the Strait of Hormuz, an end to military operations, and a $300 billion reconstruction plan for Iran.

• U.S. releases text of MOU with Iran including 60 days of no-charge Hormuz transit
• MOU includes immediate end to military operations, 60-day peace deal negotiation period, and Iran's nuclear non-proliferation commitment
• U.S. commits to $300 billion reconstruction plan for Iran and termination of sanctions