Piecing together the nine different versions I've heard, it sounds like the US agreed to accept the 10-point Iranian peace plan "as a basis for negotiation", and Iran agreed to "reopen" the Strait for two weeks.

The former is worthless, the value of the latter depends on the Iranian definition.
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If the Iranian definition of "reopening" the Strait includes continuing to charge tolls and continuing to require traffic to coordinate permission to travel through the IRGC, Iran is winning the war.
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