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AXIOS (Barak Ravid) - What's in the Iran deal Trump says he's ready to sign

The U.S.-Iran memorandum of understanding President Trump claims will soon be signed calls for the Strait of Hormuz to reopen immediately without tolls and for Iran to receive sanctions relief based on compliance, according to a diplomat from one of the mediating countries and a U.S. official. Why it matters: The MOU would extend the ceasefire for 60 days, including in Lebanon, during which time nuclear negotiations would be held. The text includes a framework for addressing Iran's enriched uranium stockpile, though any action on Iran's nuclear program would depend on a second, more detailed accord. State of play: The diplomat from one of the mediating countries, who walked Axios through the latest text, said "the U.S. and Iran have…

The U.S.-Iran memorandum of understanding President Trump claims will soon be signed calls for the Strait of Hormuz to reopen immediately without tolls and for Iran to receive sanctions relief based on compliance, according to a diplomat from one of the mediating countries and a U.S. official. Why it matters: The MOU would extend the ceasefire for 60 days, including in Lebanon, during which time nuclear negotiations would be held. The text includes a framework for addressing Iran's enriched uranium stockpile, though any action on Iran's nuclear program would depend on a second, more detailed accord. State of play: The diplomat from one of the mediating countries, who walked Axios through the latest text, said "the U.S. and Iran have…Open