President Trump announced a preliminary deal with Iran to reopen the Strait of Hormuz and suspend tolls for 60 days, but the framework leaves major nuclear negotiations unresolved. New York Times correspondent David Sanger, who spoke directly with Trump, explains what the memorandum of understanding actually commits both sides to—and what remains undefined as talks continue in Switzerland. The agreement is a memorandum of understanding, not a formal peace deal or nuclear accord, functioning as a table of contents for future negotiations rather than an enforceable document.