The United States and Iran signed a 14-point memorandum of understanding on June 17, 2026, to end the ongoing war [1].
This agreement aims to stabilize global energy markets and restore diplomatic channels between two of the world's most adversarial powers. By removing restrictions on oil exports and securing a vital maritime corridor, the deal seeks to prevent a wider regional collapse.
President Donald Trump and Iranian President Masoud Pezeshkian signed the document remotely via video link [2]. The agreement focuses on ending the conflict and reopening the Strait of Hormuz immediately after signing [3].
Under the terms of the 14-point deal, the U.S. will ease sanctions to allow Iran to sell oil without restrictions [1, 4]. These measures are intended to create the necessary conditions for future nuclear negotiations [5].
Reports on the scope of the peace deal vary. Some sources said the agreement includes efforts to end the war in Lebanon [6], while other reports said the memorandum focuses strictly on the war and the Strait of Hormuz with no mention of Lebanon [2].
Iranian officials, including the Foreign Minister, said the agreement was signed [7]. The deal represents a significant shift in U.S. policy toward Tehran, prioritizing the restoration of free navigation, and economic stability over the previous strategy of maximum pressure.
“A 14-point memorandum of understanding was signed to end the war”
The lifting of oil restrictions and the reopening of the Strait of Hormuz remove two of the most significant triggers for global energy price spikes. By pivoting from sanctions to a negotiated memorandum, the U.S. is attempting to stabilize the Middle East through economic incentives, though the contradiction regarding Lebanon suggests that the full scope of the ceasefire remains a point of contention.
