Key takeaways from the 14-point memorandum of understanding between US, Iran
Days after it was first announced by President Donald Trump, U.S. officials on Wednesday finally detailed what is in the memorandum of understanding with Iran. Under the agreement, the critical Strait of Hormuz will be reopened to commercial traffic, the U.S. will lift its naval blockade of Iranian ports and fighting will stop for 60 days while both sides negotiate the terms of a final deal on nuclear weapons and material. The Memorandum of Understanding's (MOU) terms were read aloud by officials in a call with reporters as Trump spoke at the G-7 summit in France. Written text of the MOU has yet to be released, though an official said the language is final and has been signed. A formal signing ceremony is expected later this week. Still, doubt was cast on whether a long-term deal is guaranteed. "If they don't honor that, we'll probably go back to bombing them until they honor it," Trump said in France. "You know, it's amazing what bombs can do." O...