US & Iran Poised to Sign 60-Day Strait of Hormuz Ceasefire MoU
On 24 May 2026 U.S. and Iranian negotiators finalized a draft 60-day memorandum that swaps Iran’s immediate mine-clearing and toll-free reopening of the Strait of Hormuz for U.S. suspension of its port blockade and targeted oil-export sanctions waivers, with an announcement expected within days.