US, Iran to sign virtual memorandum Sunday

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The document provides for the opening of the Strait of Hormuz and the launch of negotiations on Tehran's nuclear program, Axios quoted sources as saying

According to Axios, the United States and Iran are scheduled to sign a memorandum of understanding on Sunday. The signing ceremony will reportedly take place in a virtual format. Sources cited by Axios indicate that the agreement includes provisions for reopening the Strait of Hormuz. Furthermore, the memorandum is expected to pave the way for negotiations concerning Iran's nuclear program. This development could signal a shift in diplomatic relations between the two countries. The specifics of the virtual format and the exact timing were not detailed.

This potential agreement could significantly impact regional security and international nuclear non-proliferation efforts.

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