U.S.-Iran MOU Reopens Strait of Hormuz: 60-Day Ceasefire & $300B Reconstruction Plan
A memorandum of understanding between the U.S. and Iran, signed at the G7, immediately reopens the strategic Strait of Hormuz and establishes a 60-day ceasefire. For defense planners, this reduces immediate naval risk and creates breathing room for nuclear negotiations, though compliance and hardline opposition remain threats. The framework includes a $300 billion reconstruction plan conditional on verifiable nuclear curbs.