A senior United States official said on Monday the US has signed a memorandum of understanding with Iran to end a four-month conflict, outlining a phased framework linking economic measures, nuclear verification and regional security commitments, Anadolu reports.

The memorandum of understanding was signed by President Donald Trump and Vice President JD Vance on the US side and by Iranian Parliament Speaker Mohammad Bagher Ghalibaf on behalf of Tehran, a senior US official told reporters during a briefing.

Speaking at the briefing, the official said the memorandum “provides a structure for how our negotiation, our relationship will operate in the future.”

“The more that the Iranians are willing to work with us on their nuclear program, on verifying that they’re not building a nuclear weapon, on not funding radicalism and terrorism in the region, the more that they’re going to be welcomed into the world economy,” the senior official added.

On the Strait of Hormuz, the official said traffic is already beginning to increase but cautioned that a full return to normal is unlikely within two weeks due to mines and varying crew risk tolerances.