An agreement has been reached between the United States and Iran, aiming to bring an end to the conflict and reopen the Strait of Hormuz. The understanding is outlined in a 14-paragraph memorandum. Details of the agreement are limited, but it is known that the memorandum is set to be signed by both countries.

This signing is expected to take place in Switzerland on Friday. Further information on the agreement can be found through BBC Mundo, which has reported on the key points of the understanding reached between the two nations.