The Economic Times

$300 billion, sanctions relief, Hormuz reopening: Who gets what in the US-Iran peace deal?

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.