The USA and Iran are reportedly preparing to sign a memorandum of understanding aimed at ending recent hostilities and reopening the Strait of Hormuz. Details released by US officials outline a broad framework that includes restoring maritime traffic, ending regional conflicts involving Iran and Lebanon, and supporting reconstruction efforts within Iran. Donald Trump described the proposed agreement as essential to preventing a global economic crisis that could have resulted from prolonged disruption to oil supplies. However, questions remain about how the agreement will be implemented, particularly regarding future access to the Strait of Hormuz, the removal of naval mines and whether Iran may seek to impose fees on shipping after an initial transition period. Analysts caution that restoring normal maritime traffic could take time. Despite ongoing uncertainties and continued military activity in parts of the region, many observers view the proposed agreement as a significant step toward reducing tensions and promoting stability.