The US and Iran have signed a memorandum of understanding to end the war and reopen the Strait of Hormuz.Follow live. Collapse all postsFilter PostsAll3Key Events2Key EventThu 18 Jun 2026 at 8:45amThu 18 Jun 2026 at 8:45amThe agreement's key pointsThe MOU says the Strait of Hormuz will be toll-free for 60 days, but it leaves open the possibility that tolls may be imposed in the future. However, a senior US official expressed confidence that would not happen.It also includes a $US300 billion ($424 billion) reconstruction fund for Iran but US officials say this does not mean the US will be financially involved.The document reiterates Iran's commitment that it will not procure or develop nuclear weapons but it leaves the key questions around the nuclear program to final negotiations.Thu 18 Jun 2026 at 8:32amThu 18 Jun 2026 at 8:32amWhat's in the US-Iran ceasefire deal, in detailBy Annabel BowlesJust hours before news broke that Iran and the US had signed the MOU, the White House released the official text of the ceasefire deal.A close examination reveals more detail about the planned handling of Iran's enriched uranium stockpiles and the end to fighting in Lebanon.The ABC's Middle East correspondent Matthew Doran unpacks what's changed and what's remained the same in the story below.You can also read exactly what's outlined in the agreement's 14 points.Key EventThu 18 Jun 2026 at 8:24amThu 18 Jun 2026 at 8:24amGood morningBy Rachel JewellWe have some breaking news to bring you this morning.The US and Iran have signed a memorandum of understanding (MOU) aimed at ending the war.This has been confirmed by the White House and Iran's Foreign Ministry spokesman Esmaeil Baghaei.The MOU was signed by US President Donald Trump and Iranian President Masoud Pezeshkian, according to US officials.