The United States will allow Iran to immediately resume oil and fuel exports immediately after the signing of the memorandum of understanding scheduled for Friday in Switzerland to end the war, offering Tehran a first and significant economic incentive to consolidate the truce

The United States and Iran reached an initial agreement to open the Strait of Hormuz.

ISLAMABAD: The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy more than three months since…

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