Mediators from Pakistan and Qatar are racing to lock down a memorandum of understanding between the US and Iran, with the text reportedly in its final review stage and a signing potentially days away. The agreement, if completed, would extend an existing ceasefire by 60 days while buying time for broader negotiations on sanctions and Iran’s nuclear program.
What’s actually in the MOU
The memorandum covers more ground than a typical ceasefire extension. Beyond adding 60 days to the current truce, it includes provisions for reopening the Strait of Hormuz without tolls and lifting some elements of the US naval blockade on Iranian ports.
Roughly a fifth of the world’s oil supply passes through the Strait of Hormuz on any given day. The MOU also reportedly addresses Iran’s enriched uranium stockpile, though the agreement is framed as an initial step toward broader nuclear talks rather than any kind of resolution.
Iranian Foreign Ministry officials indicated as of mid-June that the text was under final review. The remaining hurdle is approval from President Trump and Iranian leadership, which mediators have suggested could come within days.
