Iranian President Masoud Pezeshkian posted the full text of a signed Iran-US memorandum of understanding to X on June 18, calling it a “historic document” that reflects the strength and independence of Iran. The agreement, electronically signed by US President Donald Trump and Pezeshkian with endorsement from Pakistani Prime Minister Shehbaz Sharif, opens a 60-day negotiation window aimed at resolving the ongoing standoff between the US, Israel, and Iran.

The document, referred to as the Islamabad Memorandum, represents the most concrete diplomatic step between Washington and Tehran in years. And Pezeshkian chose to announce it not through state television or a press conference, but by dropping the PDF on social media.

What the memorandum actually says

The core of the agreement is a structured pause. Iran commits to capping uranium enrichment at current levels for the duration of the 60-day negotiation period. In return, the US has outlined a path toward easing sanctions on Iranian oil exports, with a target of lifting the naval blockade on those exports within 30 days.

The reopening of the Strait of Hormuz is a central piece of the arrangement. The strait serves as a chokepoint for roughly a fifth of the world’s oil supply.