According to US President Donald Trump, the memorandum agreed with Iran has already been signed digitally, but its contents have not yet been made public, although he stated that Tehran will never have a nuclear weapon and that the Strait of Hormuz would be reopened on June 19. According to US officials, the understanding extends the ceasefire for 60 days, will allow the opening of Hormuz without tolls and nuclear oversight by the International Atomic Energy Agency, while Iran says it will receive about half of the $24 billion in frozen assets, as well as an easing of US sanctions. The pact is intended to pave the way for a more detailed peace agreement in the future.