After nearly four months of war, the US and Iran have signed a 14-point memorandum of understanding declaring the conflict over, reopening the Strait of Hormuz, and beginning talks toward a final deal. Alan Eyre, MEI Distinguished Diplomatic Fellow and a core member of the 2015 JCPOA negotiating team, joins host Alistair Taylor to unpack the deal's implications for both countries, its ripple effects across the region, and what a lasting settlement would take.