TEHRAN - Iran will begin reopening the Strait of Hormuz immediately after the formal signing of a memorandum with the United States aimed at ending hostilities between the two countries, according to a draft agreement obtained by Kyodo News.

The final draft of the memorandum, consisting of 14 articles, outlines a phased process for ending military tensions, restoring maritime commerce and launching negotiations on Iran's nuclear program. Iranian diplomatic sources cautioned that some wording could still be revised before the planned signing ceremony on Friday.

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