Iran and the United States will resume diplomatic negotiations in Switzerland on Friday, marking the latest chapter in a series of talks that have quietly produced one of the most consequential geopolitical breakthroughs in years.
The two countries have reportedly reached a framework agreement, described as a memorandum of understanding, that would establish a permanent ceasefire across all fronts, reopen the Strait of Hormuz, and lift the US naval blockade on Iranian ports. A formal signing ceremony is scheduled for June 19, 2026, in Geneva.
What’s on the table
The Strait of Hormuz, through which a massive share of global oil shipments pass, would be immediately reopened under the agreement’s terms. The US naval blockade on Iranian ports, which has choked off Tehran’s maritime trade, would also be lifted.
US Vice President J.D. Vance is expected to attend the Geneva signing ceremony.
