Trump Says He Will Sign the US-Iran Agreement: the Strait of Hormuz Could Reopen Immediately and Tolls Will Be Canceled

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Mars Finance News, June 12 — According to multiple diplomatic sources and U.S. officials, the United States and Iran have reached an agreement on a memorandum of understanding, and Trump is expected to sign the deal within the next few days. The core content of the agreement includes the immediate reopening of the Strait of Hormuz, the removal of transit fees, and the gradual easing of sanctions on Iran based on compliance.
The memorandum will extend the current ceasefire by 60 days and promote a new round of nuclear negotiations during this period. The framework of the agreement involves a plan for handling Iran’s enriched uranium stockpiles, but the final arrangements for the nuclear program still require a more detailed second-phase agreement for confirmation.
Sources familiar with the matter say that the current draft has been approved at the senior levels in Iran but has not yet received final political endorsement. The Iranian Foreign Ministry has stated that no final decision has been made.
According to the draft, the U.S. will gradually lift sanctions based on "compliance and good-faith performance," and may grant Iran temporary exemptions for phased oil exports to restore some of its financial income. Meanwhile, disagreements remain over the arrangements for unfreezing Iran’s overseas assets, which may be handled through phased releases or a separate mechanism.
The agreement also involves restoring shipping traffic through the Strait of Hormuz to pre-war levels, requiring normal transportation flows to resume within 30 days, with the U.S. simultaneously lifting related sanctions.
Diplomatic sources reveal that the deal was brokered by Qatar and Pakistan, internally referred to as the "Islamabad Agreement." If signed finally, a formal signing ceremony is expected to be held within the next few days.
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