Iran Foreign Ministry spokesperson said they cannot comment on the timing or location of signing a memorandum of understanding until Iran reaches a final decision.

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G7 officials say the United States and Iran are moving toward an agreement to reopen the Strait of Hormuz ahead of next week’s G7 summit. One official said an Iranian senior official signaled a high likelihood of reaching an agreement; another said it would likely take the form of a memorandum of understanding rather than a final treaty. The G7 summit runs June 15-17 in Evian; Geneva has been proposed as a signing venue as early as Sunday. Officials cautioned Iran has not confirmed readiness to sign, communications have been slow since the war began in February, and earlier diplomatic progress has not been finalized.