The US has lifted its naval blockade of Iranian ports following a memorandum of understanding signed on June 18, 2026, between US and Iranian officials. The deal extends a ceasefire by 60 days and unlocks a $300 billion reconstruction fund for Iran, contingent on the country’s compliance with nuclear inspections and other conditions.
The Strait of Hormuz is now open for commercial maritime traffic again. CENTCOM confirmed the blockade’s removal.
What’s actually in the deal
The MOU was signed by representatives from both sides, with US President Donald Trump and Vice President JD Vance playing key roles on the American side. Iranian Deputy Foreign Minister Kazem Gharibabadi represented Tehran.
The agreement prioritizes two immediate actions: normalizing maritime operations through the Strait of Hormuz and issuing sanctions waivers for Iranian oil exports.
