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Sunday, August 2, 2026
From the Liveblog of
Sunday, August 2, 2026
Deal being mediated to revive US-Iran MOU, open Hormuz for 60 days without fees — report
Add ToI as a Preferred Source on GoogleA deal is being mediated to return the United States and Iran to the memorandum of understanding it signed last month, sources aware of the details tell Channel 12 news’s Barak Ravid.
The deal would ensure the Strait of Hormuz remains open for 60 days without fees and renew a ceasefire between the two sides, according to the Channel 12 report.
The MOU signed last month collapsed amid competing claims over the Hormuz, with US President Donald Trump insisting it would be open, while Tehran believed the deal allowed it to dictate the route taken by ships through the key waterway.
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