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The Guardian - US
The Guardian - US
World
Joseph Gedeon in Washington and Jonathan Yerushalmy

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

Iran United States Oil Hormuz Lebanon Hezbollah Tehran the Islamic Republic of Iran Washington D.C.
a large ship in a gulf
Commercial vessels and oil tankers preparing to transit through the strait of Hormuz on 17 June 2026. Photograph: Anadolu/Getty Images

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, before it was signed by Donald Trump and Iranian counterpart Masoud Pezeshkian. Both sides have 60 days to negotiate the terms before a final agreement.

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