The MOU will be signed in Geneva on June 17. The Strait of Hormuz will reopen immediately upon signing. A 60-day period of technical negotiations on Iran's nuclear program will follow. Iran will not charge transit fees during this 60-day period.
If nuclear agreement is reached, good; if not, ceasefire may be extended or military escalation could resume. Israel's defense and national security ministers stated Israel is not bound by the MOU and will continue operations in Lebanon. Israel struck Beirut suburbs hours before the deal was announced.