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US-Iran deal takeaways: reopening the strait of Hormuz, waived oil sanctions and Lebanon

US officials have revealed a preliminary MOU between Washington and Tehran to end the costly 110-day conflict

Senior US officials have revealed the contents of a preliminary memorandum of understanding (MOU) between Washington and Tehran to end the 110-day conflict which has cost thousands of lives and devastated the world economy.

The officials dictated the MOU to journalists on Wednesday, ahead of a formal signing ceremony expected to take place in the coming days. Both sides have 60 days to negotiate the terms before a final agreement.

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Jun 17, 2026 US-Israel war on Iran World news US politics

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