The US and Iran publish their official agreement. Here’s what’s in it

AI Summary

Washington and Tehran published the official text of a peace agreement to end hostilities and reopen the Strait of Hormuz. The 'Islamabad Memorandum of Understanding' was released after months of conflict that impacted the global economy and pushed oil prices higher.

A senior US official on Wednesday released the text of an agreement reached between Washington and Tehran to end the Iran war and reopen the Strait of Hormuz, after months of conflict had battered the global economy and sent oil prices soaring. The outline of the agreement, titled “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran”, was released following days of pushback over the Trump administration’s lack of transparency. US President...