It was claimed that the USA and Iran reached an agreement on a 14-article memorandum that would end the 107-day war. According to Iranian media, the Strait of Hormuz will be opened within 30 days, the USA will release Iran's frozen assets worth $24 billion and suspend oil sanctions. While the agreement is expected to be signed in Switzerland on June 19, it is stated that the final text will be submitted to the UN Security Council for approval.