Iran and the US agreed to cease hostilities and lift maritime blockades. Strait of Hormuz traffic returns to normal by July 31 at 54.5% YES.

Tehran says broader negotiations will continue during a 60-day ceasefire period

US and Iran agree to a preliminary deal reopening the Strait of Hormuz with a 60-day ceasefire, lifting the naval blockade, and ending Iran's crypto toll

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

Iran and US sign MOU to ease tensions and reopen the Strait of Hormuz. Ceasefire by June 30 at 4.5% YES.