The Gulf Cooperation Council has officially welcomed the emerging memorandum of understanding between the United States and Iran, expressing hope that the framework will evolve into a permanent agreement that stabilizes one of the world’s most strategically vital regions.
What the deal actually says
The MoU itself is a one-page framework. It outlines several critical components: a 60-day ceasefire, the reopening of the Strait of Hormuz on a toll-free basis, the halting of Iranian nuclear enrichment activities, sanctions relief, and the eventual release of approximately $24 billion in frozen Iranian assets.
US and Iranian negotiators are reportedly finalizing the document as of early June 2026, with a potential signing ceremony expected to take place in Europe soon.
Qatar, which served as a key mediator in the negotiations, was among the first to publicly endorse the framework. Qatar’s Ministry of Foreign Affairs specifically welcomed the MoU’s provisions regarding freedom of navigation in the Strait of Hormuz, a waterway through which roughly one-fifth of the world’s oil supply passes daily.
