{"id":1927,"date":"2026-06-17T21:05:12","date_gmt":"2026-06-17T21:05:12","guid":{"rendered":"https:\/\/jacksonvillemovingnews.com\/?p=1927"},"modified":"2026-06-17T21:05:12","modified_gmt":"2026-06-17T21:05:12","slug":"strait-of-hormuz-to-reopen-u-s-to-lift-iran-sanctions-under-deal-seeking-to-end-iran-war","status":"publish","type":"post","link":"https:\/\/jacksonvillemovingnews.com\/?p=1927","title":{"rendered":"Strait of Hormuz to reopen, U.S. to lift Iran sanctions under deal seeking to end Iran war"},"content":{"rendered":"
\n

The U.S. is expected to lift sanctions on Iran and unfreeze funds and assets linked to the country\u2019s regime, under a 14-point memorandum of understanding provided to NBC News by a senior U.S. official.<\/p>\n

Read more What does percent contained mean for a wildfire and how is it measured?<\/a><\/p>\n

The interim agreement declares an intent to bring about an \u201cimmediate and permanent termination of military operations\u201d in the U.S-Israeli war with Iran, which began Feb. 28, unleashing chaos across the Middle East and rattling the world economy.<\/p>\n

Both sides will commit to further talks toward a more substantive \u201cfinal deal\u201d within 60 days, \u201cextendable with mutual consent.\u201d<\/p>\n

The MOU stipulates that the Strait of Hormuz should reopen, with Iran agreeing to allow \u201csafe passage of commercial vessels with no charge for 60 days only,\u201d followed by negotiations with Oman to \u201cdefine the future administration\u201d of the vital trade route, through which some 20% of the world\u2019s oil passed before the war.<\/p>\n

Under the agreement, the U.S. will \u201cterminate all types of sanctions,\u201d will \u201cmake fully available for use the frozen or restricted funds and assets,\u201d and will begin the removal of its naval blockade of Iran\u2019s ports.<\/p>\n

Iran \u201creaffirms that it shall not procure or develop nuclear weapons,\u201d with a mechanism to be \u201cmutually agreed\u201d relating to its \u201cenriched material\u201d stockpile.<\/p>\n

The senior U.S. official said that Iran\u2019s commitment to the destruction of its enriched stockpile is \u201ca major, major win for the United States of America,\u201d adding that sanctions relief will be tied to the nuclear settlement and \u201cto the extent\u201d that Iran fulfills its obligations.<\/p>\n

One point in the memorandum that could draw criticism is a commitment for the U.S. to work with regional partners to develop a plan for at least $300 billion to be distributed to Iran for \u201creconstruction and economic development.\u201d The draft memorandum notes that the mechanism for the distribution of these funds will be hammered out during the 60-day negotiation period. <\/p>\n

The senior U.S. official downplayed this point and noted that the U.S. is not required to contribute to the fund. <\/p>\n

\u201cWhat it says is that if we get to a final deal and if the Iranians behave, we will permit the sanctions relief that would allow, for example, the Emiratis to build a power plant in Iran. That\u2019s all it says,\u201d the senior official said. \u201cIf they do what they have to do, we will permit the investment in the reconstruction of their country, which, of course, if they do what they say that they\u2019re going to do, and they change their behavior as a country, that would be great for everybody.\u201d <\/p>\n

The precise details of the agreement between the U.S. and Iran are still being worked out and have not yet been finalized, a U.S. official and a person familiar with the negotiations said earlier Wednesday.<\/p>\n

A ceasefire was agreed to in April to allow for negotiations, though both sides have since continued with some strikes.<\/p>\n

Read more Body of man who went overboard in Biscayne Bay ID\u2019d as Akin Liverpool, FWC says<\/a><\/p>\n

World leaders attending the G7 summit in the French resort town of Evian-les-Bains threw their support behind the agreement early Wednesday. <\/p>\n

In a declaration issued overnight, they called the deal a \u201chistoric opportunity to prevent Iran from acquiring any nuclear weapon and tackling the threats related to its regional and ballistic activities.\u201d They added that they were \u201cready to contribute to its implementation.\u201d<\/p>\n

Although the G7 leaders gave it their backing, Trump still has to sell the deal to some members of his own Republican Party, who will likely be skeptical about measures to curb Iran\u2019s nuclear ambitions. <\/p>\n

Trump administration officials have for months said that the primary objective of the war is to prevent Iran from obtaining nuclear weapons, and have maintained the issue will be central to any deal, eight years after Trump\u2019s decision during his first term to withdraw from a previous agreement reached under former President Barack Obama, known as the JCPOA.<\/p>\n

That deal saw Iran agree to limit its nuclear program, with compliance checks from U.N. inspectors, in return for a \u201ccomprehensive lifting\u201d of sanctions and an unfreezing of assets.<\/p>\n

\u201cHis deal was really dangerous, what he did, he gave them everything including a lot of money,\u201d Trump said on Wednesday. He later added that his own deal would see frozen Iranian funds released \u201conly if they\u2019re doing things right.\u201d<\/p>\n

Iran has always insisted that it does not want to develop nuclear weapons, although U.S. officials say it has enriched uranium to near weapons-grade, well beyond that needed for civilian uses, and has a history of noncompliance with the International Atomic Energy Agency.<\/p>\n

One of the most delicate parts of the agreement calls for an immediate end to all fighting, including in Lebanon between Israel and the Tehran-backed militia Hezbollah, where multiple ceasefire efforts have failed to bring about an end to strikes.<\/p>\n

\u201cThe Lebanon peace is something we\u2019ll have to work on a little bit,\u201d Trump said Wednesday.<\/p>\n

Israel is not a direct party to the U.S.-Iran agreement. Iran has said that under the deal, Israel must withdraw its forces from the south of Lebanon, where nearly 4,000 people, including hundreds of civilians, have been killed and more than 1 million people displaced since fighting there began on March 2.<\/p>\n

Israel has maintained it will continue to defend itself and to occupy vast swaths of Lebanon, and some strikes have continued this week despite the agreement.<\/p>\n

Read more Man\u2019s warning shot fired from rifle hit Miami-Dade Transit bus, injured woman, cops say<\/a><\/p>\n

\n\t\t\t\t\t\t\t\tFIFA\u2019s ban on pre-revolutionary Iranian flags at the World Cup was upheld after a hearing in Los Angeles on Monday.\n\t\t\t\t\t\t\t<\/div>\n

Keir Simmons, Courtney Kube and Monica Alba contributed.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The interim agreement declares an intent to bring about an \u201cimmediate and permanent termination of military operations\u201d in the war with Iran.<\/p>\n","protected":false},"author":1,"featured_media":1926,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-1927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-war-with-iran"],"yoast_head":"\nStrait of Hormuz to reopen, U.S. to lift Iran sanctions under deal seeking to end Iran war - Jacksonville Moving News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jacksonvillemovingnews.com\/?p=1927\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strait of Hormuz to reopen, U.S. to lift Iran sanctions under deal seeking to end Iran war - 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