On June 16, a senior U.S. official stated that the United States has signed a memorandum of understanding with Iran. U.S. President Trump and Vice President Pence signed the memorandum, and the Speaker of the Iranian Islamic Consultative Assembly also signed the document. The official also mentioned that the agreement stipulates the immediate opening of the Strait of Hormuz and the lifting of U.S. sanctions on Iran. Traffic in the strait will significantly increase starting immediately.
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