The US and Iran signed a memorandum of understanding tying sanctions relief to nuclear compliance, with the Strait of Hormuz reopening to shipping traffic.

President Donald Trumps proposed Iran deal follows a phased approach under which the Strait of Hormuz would reopen first, while Iran would receive economic benefits only after…

The United States and Iran have signed a preliminary agreement aimed at ending more than three months of war between the two countries. The US and Iran confirmed that a memorandum…