US signs memorandum of understanding with Iran to end war and reopen Strait of Hormuz

The US and Iran have signed a memorandum of understanding aimed at ending the war and reopening the Strait of Hormuz. Iranian President Masoud Pezeshkian signed the document on Thursday in Tehran. This agreement has the potential to stabilize global oil markets and enhance international trade, although its ultimate success depends on geopolitical dynamics and the compliance of both nations. The move marks a significant diplomatic step toward resolving tensions between the two countries.