U.S. officials says Iran pact signed, Hormuz traffic will rise significantly

“WASHINGTON, June 15 (Reuters) - The United States and Iran have signed a memorandum of understanding to settle a near four-month war, senior U.S. officials said on Monday, adding that a signing ceremony would take place on Friday and shipping traffic in the strait of Hormuz would gradually ramp up. The memorandum of understanding has been signed by President Donald Trump and Vice President JD Vance and Iranian parliament speaker Mohammad ​Bagher Qalibaf, one U.S. official said.

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