A tentative memorandum of understanding between the United States and Iran, proposed on May 28, would extend their ceasefire by 60 days, reopen the Strait of Hormuz to unrestricted shipping, and tie sanctions relief directly to Iranian compliance on nuclear negotiations. If signed, it would mark the most significant diplomatic breakthrough between the two countries in years.
The deal is still awaiting approval from both President Trump and Iranian leadership. But reports from early June suggest a signing could happen within the coming week, with ongoing refinements being made to the framework’s language and terms.
What the deal actually includes
The MoU covers several interlocking commitments. Iran would clear naval mines from the Strait of Hormuz within 30 days, a critical timeline given that roughly a fifth of the world’s oil passes through that narrow waterway. During the ceasefire period, Iran would also forgo imposing tolls on maritime traffic.
In exchange, the US would offer phased sanctions relief contingent upon Iranian compliance with nuclear program negotiations, particularly around limits on highly enriched uranium.
