Iran war interim peace deal signed Iran is to be allowed to restart oil exports, and will be given access to hundreds of billions of dollars for reconstruction and economic advancement, under an interim peace deal signed by U.S. President Donald Trump and President Masoud Pezeshkian of Iran MEMORANDUM OF UNDERSTANDING Deal offers economic boost for Iran, in return for keeping Strait of Hormuz open and abandoning nuclear ambitions Both parties to reach final peace deal within 60 days* Central to deal is reopening of Strait of Hormuz Iran to be allowed to freely export its oil Iran to end chokehold on strait Iran to be able to access frozen assets worth $24bn- $100bn (estimate) Iran to be granted $300bn for economic development Issue of what to do with Iran’s enriched uranium to be discussed Iran to never acquire nuclear weapons U.S. to lift sanctions against Iran U.S. to lift naval blockade U.S. to withdraw forces from region Israel to withdraw from occupied Lebanon Possible stumbling block as Israeli Prime Minister Benjamin Netanyahu (left) has so far refused to end his country’s war against Iran-backed Hezbollah Sources: BBC, Bloomberg, Reuters *Extendable Pictures: Getty © GRAPHIC NEWS