President Donald Trump has signed a memorandum of understanding with Iran that formally ends active military operations between the two countries. The one-page document, known as the “Islamabad Memorandum,” was electronically signed in mid-June 2026 and sets the stage for follow-on negotiations covering Iran’s nuclear program, sanctions relief, and the reopening of the Strait of Hormuz.
A White House official confirmed the signing. The deal was brokered with involvement from US envoys Steve Witkoff and Jared Kushner, with Pakistan serving as a mediator.
What’s in the deal
The memorandum contains 14 points, the most consequential being an immediate cessation of military hostilities. The agreement establishes a structured 60-day negotiation window to tackle Iran’s nuclear activities, the future of sanctions, and the status of the Strait of Hormuz.
Roughly 20% of the world’s oil and gas supply flows through the Strait. Its closure during the conflict created chaos in energy markets, sending prices surging and dragging down global economic forecasts. The MOU commits to reopening the waterway as part of the broader agreement.
