The U.S. and Iran signed a memorandum of understanding on June 20, 2026, agreeing to end the war that began in late February. The deal requires the opening of the Strait of Hormuz, lifting of the U.S. naval blockade, and sanctions relief — effectively reversing the wartime restrictions. Both sides now have 60 days to negotiate a final nuclear agreement, though the Times notes the thorniest nuclear issues are deliberately left for later talks. The Strait's practical reopening faces a near-term delay due to Iranian mines placed during the conflict, but multiple outlets confirm all core elements of this framework.