US-Iran Peace MoU: The US and Iran have signed a preliminary 14-point memorandum of understanding, outlining plans for sanctions relief, economic cooperation, and de-escalation of military tensions. The agreement includes provisions for releasing frozen assets and reopening the Strait of Hormuz, with both nations entering a 60-day negotiation period to finalize a comprehensive deal.

Final details of the US-Iran MOU are still pending, but Hormuz transit and Iran sanctions relief could be bumpy in the near term.

Draft U.S.-Iran deal details are emerging. Here are four key provisions on sanctions, oil sales, uranium and security.