US-Iran 14-point draft MOU revealed: ceasefire terms, Hormuz reopening, enrichment limits

—The text of a 14-point draft memorandum of understanding between the US and Iran has been published, laying out ceasefire terms, conditions for reopening the Strait of Hormuz, and constraints on Iran's nuclear enrichment program. The document, first reported by CNN and Bloomberg, shows the structural framework of the deal Trump brokered. South Korean officials are separately consulting both Washington and Tehran on guaranteeing safe transit for their oil shipments through Hormuz now that the deal is in place.