U.S., Iran: Draft MoU includes $300B Reconstruction Fund, Sanctions Relief and Halt to Fighting

The U.S.-Iran memorandum of understanding calls for an extension of the ceasefire, a 60-day period to reach a final agreement that addresses Iran's nuclear program, a halt to all regional military operations, the immediate end of the U.S. blockade on Iranian ports and the return of maritime traffic through the Strait of Hormuz to normal levels within 30 days, according to a draft text Bloomberg published on June 16....