Iranian President Masoud Pezeshkian has publicly endorsed the memorandum of understanding being negotiated with Washington, calling it a source of pride for Iran and the broader region. Most of the country’s security officials support the deal, according to Pezeshkian.

The MOU, described as on the verge of signing after months of negotiations, covers nuclear commitments, sanctions relief, and the reopening of the Strait of Hormuz.

What the deal actually covers

On the nuclear front, the agreement reportedly includes provisions for the US to acquire Iran’s enriched nuclear material.

Then there’s the Strait of Hormuz, the narrow waterway through which roughly a fifth of the world’s oil supply passes daily.