Senior US Official: US and Iran Sign MoU to Establish $300 Billion Reconstruction Fund, Strait of Hormuz to Reopen Gradually

BlockBeats News, June 15th. A senior U.S. official stated that the U.S. and Iran have signed a memorandum of understanding. The agreement includes the immediate opening of the Strait of Hormuz and the lifting of sanctions on Iran. However, due to residual risks such as mines, a full resumption of shipping will take some time.

The official stated that the next 1 to 2 weeks are expected to see a gradual increase in maritime freight traffic, and regional traffic has already begun to recover significantly. Meanwhile, both the U.S. and Iran will initiate technical talks later this week to further refine the implementation details.

It was disclosed that the memorandum of understanding also includes a $300 billion Iran post-war reconstruction fund arrangement. The unfreezing of funds and easing of sanctions will depend on Iran's specific performance in the subsequent agreement implementation. Further details are expected to be announced in the next 24 to 48 hours.

The official emphasized that the developments in the coming weeks will be a key window to assess the direction of U.S.-Iran relations.