The text of the MOU will not be released until after it is signed in Geneva on June 19. From news reports, the deal leaves a lot on the table. JD Vance described it as a “very general document.”

Already, different versions are circulating, so it is difficult to know what was resolved.

Trump: The Strait will be opened immediately and permanently Iran: The process of opening the Strait (demining) will be concurrent with negotiations.

Demining operations will begin and the intent is to allow free passage of vessels in the Strait. The Iranian version of the MOU according to their news service Fars, is:

Iran plans to impose fees after that period (60 days), with Fars saying Iran “intends to benefit financially from commercial shipping traffic through the Strait.”

Per Reuters:

“U.S. and Iranian officials say the deal could eventually deliver substantial economic benefits to Iran by lifting sanctions and unfreezing foreign assets. It could also set ​up a $300 billion reconstruction fund, paid for by neighbouring Gulf states that host U.S. military bases and were hit by Iranian attacks during the war.”

The frozen assets has been reported by Iran as 24 billion dollars.

See other details in this link:

US-Iran deal promises end to war but how it will work remains unclear

“Iranian officials, who have always denied intending to build a nuclear weapon, say they have given up little by agreeing to resume diplomatic discussions over Iran’s uranium enrichment programme that were interrupted by the war.”

Prelude to war or peace? We’ll know more on Friday.

Stay tuned,

Dave