BlockBeats News, May 24th - According to Iran's Tasnim news agency, in a potential memorandum of understanding between Iran and the United States, Washington will waive sanctions on Iranian oil.

The memorandum of understanding emphasizes ending all wars on all fronts, including Lebanon. According to the memorandum, Israel must end the war in Lebanon. The agreement will set a 30-day deadline to address procedures related to the Strait of Hormuz and end the blockade. A 60-day deadline will be set for nuclear negotiations. Iran has not taken any action concerning its nuclear issue.