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Iran Weighs One-Page US Memorandum to End War

The US presented a one-page memorandum of understanding to Iran that would gradually reopen the Strait of Hormuz and lift the American blockade on Iranian ports, according to a person familiar with the measure. The move came after US President Donald Trump suspended a short-lived mission to offer safe passage for commercial ships through the waterway. Bloomberg's Joumanna Bercetche reports. (Source: Bloomberg)