The United States and Iran have signed a 14-point draft memorandum of understanding that extends a ceasefire by 60 days and reopens the Strait of Hormuz, according to corroborated reports from Indian and Western news outlets. The Strait of Hormuz had been effectively blocked by Iran since U.S. and Israeli military actions in February, according to a report from Bluesky. The memorandum is described as possibly leading to a future nuclear deal, though no formal negotiations have been confirmed. According to the Times of India, the draft includes provisions for beginning talks on Iran's nuclear program, sanctions suspension, and a $300 billion reconstruction commitment, but these points are reported by a single source and lack corroboration from other outlets. No further details on implementation or verification mechanisms have been established by corroborated sources.