Iran announces digital signing of MOU with US, plans to charge for Hormuz passage

Iran and the United States have digitally signed a memorandum of understanding (MOU) to conclude their hostilities, with the original text now officially confirmed by both parties, Iran's Foreign Ministry announced. The digital signatures mark a significant step in de-escalating tensions between the two nations.

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The original text of the memorandum of understanding between Iran and the United States has been officially finalized, and both sides have signed it digitally.

While an official signing ceremony planned for Switzerland on June 19 has been canceled, the MOU's text has been finalized in both Persian and English. Iran emphasized the importance of having the document in both languages to prevent subjective interpretations during translation. The agreement reportedly includes provisions that would impose greater costs if either party violates its terms.

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If the original text was only in English, subjective interpretations could have occurred during the translation process. We emphasized that the original text must be in both languages.

Following the agreement, Iran intends to lift its blockade of the Strait of Hormuz. This action was initially slated for within 30 days, but due to perceived threats, including actions by Israel, expedited negotiations led to an immediate commitment from the U.S. Iran confirmed its vessels are now entering and exiting ports without issue, and its promise to de-escalate will commence after the document's signing. However, Iran stressed that it will impose service fees for passage through the strait, a move that has been discussed with Oman and other nations to ensure safe passage while maintaining Iranian sovereignty.

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Iran will receive service fees for the Strait of Hormuz. Related measures are currently being prepared.