The United States and Iran have formally signed a 14-point memorandum of understanding aimed at ending ongoing hostilities between the two nations. The agreement, digitally signed by President Donald Trump and President Masoud Pezeshkian, immediately reopens the strategically vital Strait of Hormuz to international shipping. A key component of the deal initiates negotiations regarding the lifting of sanctions imposed on Iran. Simultaneously, discussions will begin concerning Iran’s nuclear program, signaling a potential path towards a more comprehensive resolution. This marks a significant shift in relations, representing a de-escalation of tensions that have been escalating for months. The agreement’s immediate effect is the resumption of normal maritime traffic through the Strait of Hormuz, a critical global oil transit route. Both sides have expressed cautious optimism regarding the future negotiations.