Recent versions of the memorandum of understanding that President Donald Trump appears close to finalizing would end hostilities with Iran while gradually reopening the Strait of Hormuz and ending the US blockade of Iranian ports, according to a person familiar with the matter.
The agreement would also include the unfreezing of some Iranian assets that are currently held in banks outside Iran.
And it would start a clock of at least 30 days for continued negotiations meant to resolve the remaining sticking points on Iran’s nuclear program, including what happens to Tehran’s stockpile of near-weapons-grade uranium.
Trump said final details were still being sorted, and it remained…