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The United States and Iran signed a memorandum of understanding to end the war, effective immediately, according to reports on June 18.

The United States and Iran signed a memorandum of understanding to end the war, effective immediately, according to reports on June 18.

A memorandum of understanding is typically a framework: it sets principles and a sequence of steps, with many details left for further negotiation.

The report did not include the text. Earlier statements had pointed to the Strait of Hormuz, sanctions relief and Iran's nuclear material as the key issues it would need to address.

The published text, and how each side describes it, will show which issues were settled and which were left open. Implementation in the following weeks is the real test.

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