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Trump at the G7. Photo: Mandel Ngan/AFP via Getty Images
Below is the full text of the U.S.-Iran memorandum of understanding, as delivered by a senior administration official in a briefing with reporters.
The big picture: The MOU declares the war to be over, calls for Iran to open the Strait of Hormuz and the U.S. to lift its blockade, launches 60 days of nuclear negotiations, waives sanctions to let Iran sell oil during those 60 days and includes massive economic incentives should Iran sign a final nuclear deal.
