Though the memorandum of understanding is scheduled to be officially signed on Friday (Jun 19) in Switzerland, the precise terms of the deal are still not known, with both parties releasing conflicting information during negotiations.

A man holds an Iranian flag on a street, after US and Iranian officials said they had reached a deal to end their war and reopen the Strait of Hormuz, in Tehran, Iran, on Jun 15, 2026. (Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS)

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15 Jun 2026 06:29PM