President Donald Trump announced on June 4-5 that he believes Iran’s supreme leader, Ayatollah Mojtaba Khamenei, has approved a framework deal with the United States. The proposed agreement, described as a memorandum of understanding, would mark a dramatic pivot in a conflict that has stretched into its fourth month.
The deal reportedly includes a 60-day ceasefire extension, the reopening of the Strait of Hormuz, limitations on Iran’s nuclear program, and the potential release of roughly $24B in frozen Iranian assets.
What the deal looks like
The US-Iran conflict escalated sharply after the killing of Ayatollah Ali Khamenei on February 28, 2026. His successor, Mojtaba Khamenei, has now reportedly given the green light to a diplomatic framework that would pull both countries back from the brink.
Trump described the deal drafts as being in “pretty final shape” but indicated he has requested amendments, particularly around stronger nuclear safeguard provisions. A signing could occur imminently, according to the president’s own characterization of the timeline.
