The United States and Iran are close to signing a landmark peace memorandum that could mark a major breakthrough in relations between the two nations.
Pakistani Prime Minister Shehbaz Sharif, who has been mediating the talks, announced that a final agreed-upon text of the peace deal has been reached, with only the next steps needing clarification. The deal is expected to be signed on Sunday, June 14, 2026, with Geneva emerging as the most likely venue for the signing.
US President Donald Trump has said that a deal between the United States and Iran is scheduled to be signed tomorrow, and that immediately after the agreement is signed, the Strait of Hormuz will be “open to all.” The deal is expected to reopen the Strait of Hormuz, extend the current ceasefire, and begin negotiations on Iran’s nuclear programme.
Under the terms of the proposed deal, the Strait of Hormuz would reopen to shipping, returning to the situation that existed before the US and Israel launched their recent military action against Iran. The ceasefire is expected to continue for a further 60 days, with conflict ending across multiple fronts including Lebanon.
The proposed memorandum of understanding includes lifting of naval blockades within a 30-day window, suspension of economic sanctions on Iran’s sale of crude oil, unfreezing of Iranian assets, and a structured 60-day negotiation window to reach a final treaty based on nuclear matters.
Iran’s Foreign Minister Abbas Araqchi said nuclear talks with the United States will only take place later and depend on the implementation of an interim agreement which is nearing completion. He stressed that the framework would include reopening the Strait of Hormuz and ending conflicts across multiple fronts, while emphasizing no memorandum has yet been signed.
Multiple sources say a final text is agreed in principle, with Pakistan confirming both sides are coordinating next steps and US officials expressing confidence that a signing could come within days. However, Iranian sources have indicated that final approval has not yet been granted, leaving uncertainty over the status of the proposed deal.
The 14-point draft framework includes immediate and permanent cessation of military hostilities, a binding US commitment to non-interference in Iran’s internal affairs, lifting of naval blockades within a 30-day window, and reopening of the Strait of Hormuz within 30 days.
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