US-Iran MoU Calls for Hormuz Reopening With No Tolls: Axios

Axios reported Thursday that a US-Iran memorandum of understanding would immediately reopen the Strait of Hormuz with no tolls on commercial shipping. The MoU also calls for a 60-day extension of the ceasefire in Lebanon and phased sanctions relief tied to Tehran's compliance, according to a diplomat from a mediating country and a US official who spoke to Axios.

The MoU provides a framework for addressing Iran's stockpile of enriched uranium. Specific nuclear measures would require a second, more detailed agreement. The diplomat said the US and Iran had agreed on the text of the deal. Final approval is still needed.

Two sources familiar with the matter told Axios that senior Iranian officials had approved the agreement as of Thursday evening. The same sources said the deal was unlikely to have received the endorsement of Supreme Leader Mojtaba Khamenei.

The 60-day ceasefire extension includes Lebanon and creates a window for nuclear negotiations. The diplomat said the signing could happen within days. No date has been set.