Senior U.S. officials disclosed details of a draft memorandum of understanding with Iran on Wednesday, outlining commitments to end military operations, lift the Strait of Hormuz blockade within 30 days, and negotiate a final agreement within 60 days. Iran has not released the document, and reports conflict on whether a signing ceremony will occur Thursday or Friday. The draft includes U.S. sanctions relief and reconstruction funding in exchange for limits on Iran's nuclear activities.