U.S. President Donald Trump has announced the signing of a memorandum of understanding between the United States and Iran, confirming that the Strait of Hormuz is beginning to gradually reopen. The strait is expected to fully open following the official signing ceremony scheduled for next Friday.
The announcement follows reports of an electronic signing of the memorandum by the involved parties, paving the way for a new phase of understanding between Washington and Tehran after months of negotiations and diplomatic mediations.
Trump stated that the core of the agreement is Iran's commitment not to possess a nuclear weapon, considering this issue the main point of contention between the two sides over recent years.
The U.S. President highlighted that easing sanctions on Iran will remain contingent upon Iran's adherence to its commitments. He assured that the full reopening of the Strait of Hormuz will occur after completing de-mining operations and other technical measures related to maritime security.
In related remarks, U.S. Vice President J.D. Vance confirmed the electronic signing of the agreement, with the formal signing ceremony planned on Friday, attended by representatives from both sides.
Vance added that the U.S. administration intends to release the full text of the agreement in the coming days to inform the public of its details. He noted that some technical and protocol aspects are still in the final stages of preparation.
The Vice President emphasized that the agreement ensures Iran will not have a nuclear weapon in the future, alongside reopening the Strait of Hormuz to international navigation. He described these steps as foundational for a more stable phase in the region.
Vance also clarified that discussions regarding Iran's frozen assets would occur in subsequent technical talks, dismissing reports of an immediate release of specific funds to Tehran.
Observers see the signing of the memorandum as a significant development in U.S.-Iran relations, potentially paving the way for broader negotiations covering economic, security, and political issues in the forthcoming phase. This happens as international markets await the agreement's impact on energy security and navigation in the Gulf.