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 reached an agreement to end their war and reopen the Strait of Hormuz, with a formal signing scheduled in Switzerland and oil flows set to resume…