Explore the latest developments concerning US-Iran deal takeaways:.
US-Iran deal takeaways: reopening the strait of Hormuz, waived oil sanctions and Lebanon
US officials have revealed a preliminary memorandum of understanding between Washington and Tehran to end the costly 110-day conflict
Senior US officials have revealed the contents of a preliminary memorandum of understanding (MOU) between Washington and Tehran to end the 110-day conflict which has cost thousands of lives and devastated the world economy.
The officials dictated the MOU to journalists on Wednesday, before it was signed by Donald Trump and Iranian counterpart Masoud Pezeshkian. Both sides have 60 days to negotiate the terms before a final agreement.
To start, both the US and Iran, along with their allies, agree to declare an end to military operations on all fronts the moment the document is signed.
Donald Trump says Iran has to make a deal in 60 days
Donald Trump told Iran they must make a deal in the next 60 days or the US will "do things that won't make them happy".
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US-Iran deal covers Lebanon, Strait of Hormuz and Iran's uranium
Donald Trump has warned Iran he is prepared to resume fighting if the deal falls through. (Reuters: Evan Vucci)
The presidents of the United States and Iran have officially signed a memorandum of understanding aimed at ending their war and reopening the Strait of Hormuz.
The agreement was due to be signed at an official ceremony in Switzerland on Friday, but the White House and Iranian state media confirmed it had been signed early.
Earlier today, in a briefing with journalists including from the ABC, a senior US official read out the full text of the 14-point document.
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