US-Iran deal takeaways: reopening the strait of Hormuz, waived oil sanctions and Lebanon (opens in new tab)

US officials have revealed a preliminary MOU between Washington and Tehran to end the costly 110-day conflictSenior 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 The officials dictated the MOU to journalists on Wednesday, ahead of formal signing ceremony expected to take place in the coming days. Both sides have 60 days to negotiate the terms before a final agreement.