The United States and Iran reached a memorandum of understanding on June 14, 2026, to end a war lasting more than 100 days [1].
The agreement aims to stabilize global energy markets and prevent nuclear proliferation in the Middle East by lifting a U.S. naval blockade and restricting Iran's nuclear capabilities.
Under the terms of the deal, Iran pledged not to build a nuclear weapon [3]. In exchange, the U.S. will release $25 billion [2] in Iranian assets held abroad. The agreement also stipulates that the Strait of Hormuz will be reopened within 30 days [4].
Formal signing of the agreement was scheduled to take place in Geneva, Switzerland, on Friday, June 14 [1]. Pakistani Prime Minister Shehbaz Sharif said the deal was confirmed [1].
Regarding nuclear materials, the agreement allows 440 kg [4] of enriched uranium to remain in Tehran during a period of 60-day talks [4].
Reports on the finality of the deal vary. While several outlets reported the deal as struck, Iranian state media said that Tehran had not yet reached a final decision on the proposed peace agreement. Additionally, President Donald Trump said Israel should avoid striking Lebanon while the U.S. and Iran negotiated the memorandum [2].
The deal follows a period of intense conflict and economic pressure caused by the U.S. blockade of critical shipping lanes.
“The United States and Iran reached a memorandum of understanding to end a war lasting more than 100 days.”
This agreement represents a significant diplomatic shift to avert a wider regional conflict. By linking the reopening of the Strait of Hormuz, a vital artery for global oil shipments, to nuclear concessions and the release of frozen assets, the U.S. is utilizing economic leverage to ensure Iranian compliance with non-proliferation goals.
