Iran and the United States have reached the finish line on a memorandum of understanding designed to end the regional conflict that erupted in February 2026. The 14-point MoU, announced on June 15, represents the most consequential diplomatic breakthrough between Washington and Tehran in decades.
A formal signing ceremony is scheduled for June 19 in Geneva, Switzerland. After that, both sides will enter a 60-day negotiation period focused on the thorniest issue still on the table: Iran’s nuclear program.
What’s in the deal
The MoU calls for an immediate and permanent cessation of military operations across multiple fronts, including Lebanon. The US naval blockade on Iranian ports would be lifted, and operations through the Strait of Hormuz would resume under negotiated terms.
On the economic side, Iran stands to receive sanctions relief and the release of $24 billion in frozen assets.
