WASHINGTON, June 15 (Reuters) - The United States and Iran have signed a memorandum of understanding to settle a near four-month war, senior U.S. officials said on Monday, adding that a signing ceremony would take place on Friday and shipping traffic in the strait of Hormuz would gradually ramp up.The memorandum of understanding has been signed by President Donald Trump and Vice President JD Vance and Iranian parliament speaker Mohammad Bagher Qalibaf, one U.S. official said.

The U.S. and Iran have for weeks appeared close to signing a deal aimed at bringing an end to the war, but officials have given differing accounts of its contents.

President Donald Trump said the Strait of Hormuz would reopen upon the deal’s signing on Friday.

The United States and Iran have agreed on a peace framework aimed at ending the conflict, lifting the U.S. blockade of Iran and reopening the Strait of Hormuz, a key global oil…

The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland.

“Ships of the World, start your engines,” Trump said on social media