A senior US official puts the odds of signing an Iran MOU at 80-85%, with the deal set to extend ceasefire measures and reopen the Strait of Hormuz.

US and Iran are set to sign a memorandum of understanding next week. Ceasefire extension by June 30 at 68.5% YES.

A tentative US-Iran MoU would reopen the Strait of Hormuz, extend the ceasefire 60 days, and link sanctions relief to nuclear compliance. Here's what it