A US-Iran peace deal is closer to reality than it has been in years. Pakistan’s Prime Minister Shehbaz Sharif announced on June 12 that a final draft for a memorandum of understanding between Washington and Tehran has been reached, with a possible signing date of June 14.
The agreement, brokered through backchannel negotiations involving Pakistan and Qatar, focuses on extending a temporary ceasefire, navigating the reopening of the Strait of Hormuz, and, critically, punting the thornier nuclear discussions to a later date.
What the deal actually covers
The proposed framework centers on a 60-day MOU that would extend a ceasefire first established in April 2026. That ceasefire came out of direct meetings between US and Iranian officials in Islamabad, marking one of the few face-to-face diplomatic encounters between the two countries in recent memory.
Tehran reportedly approved a draft agreement relayed through Qatari mediators on June 11, setting the stage for Sharif’s announcement the following day. The expectation was that finalization could come within 24 hours of that approval.
