US-Iran Peace Deal: Trump & Pezeshkian Sign MOU — Sanctions Lifted, Strait of Hormuz to Reopen

A Memorandum of Understanding (MoU) between the United States and Iran has been electronically signed, as announced in the early hours of Thursday, June 18, by Iranian Foreign Ministry spokesperson Esmail Baghaei, and confirmed by a White House official. According to Tehran, the document already bears the signatures of U.S. President Donald Trump and Iranian President Masoud Pezeshkian, making the previously scheduled signing ceremony in Switzerland unnecessary. The Iranian Foreign Ministry spokesperson added that a decision on whether a meeting between the two sides will take place would be made within the coming hours.

CONFIRMED: The U.S. and Iran have electronically signed the MOU ending the war, and it is now in effect.

Source: Barak Ravid https://t.co/Bova9MRMBS

— Clash Report (@clashreport) June 17, 2026

Read: Iran: These are the three major concessions Washington is making to Tehran under the new deal — what the agreement entails

Trump’s warning to Iran and Tehran’s “state of readiness”

Details of the agreement had begun to emerge in the preceding days through leaks from American officials and Iranian media outlets, while the U.S. government released the full text of the memorandum to the public. Meanwhile, speaking at the G7 summit in France, Donald Trump warned that the United States would “bomb mercilessly” if Iran failed to comply with the terms of the agreement. For his part, the Speaker of the Iranian Parliament and chief negotiator of the deal, Mohammad Baqer Qalibaf, stated on state media that Tehran’s distrust of the United States remains and that Iran continues to be on a state of alert.

The 14 points of the US-Iran agreement text

1. The Islamic Republic of Iran and the United States, together with their respective allies in the current war, declare through the signing of this Memorandum of Understanding the immediate and definitive cessation of hostilities on all fronts, including Lebanon, and commit to not launching any hostile action against one another and to refraining from the threat or use of force against each other. The final agreement will confirm the provisions of this Article and all remaining Articles.
2. The Islamic Republic of Iran and the United States commit to respecting each other’s sovereignty and territorial integrity and to refraining from any interference in each other’s internal affairs.
3. The Islamic Republic of Iran and the United States commit to negotiating and reaching a final agreement within a maximum period of 60 days, which may be extended by mutual consent.
4. Immediately upon the signing of this Memorandum of Understanding, the United States will lift the naval blockade and prevent any interference with or obstruction of the Islamic Republic of Iran, and will restore shipping to its full pre-war capacity within a maximum of 30 days. Vessel traffic will be commensurate with the pre-war volume on the part of the Islamic Republic of Iran. The United States also commits to withdrawing its forces from the surrounding areas within 30 days of the final agreement.
5. Upon the signing of this Memorandum of Understanding, the Islamic Republic of Iran will immediately take steps to ensure that commercial shipping traffic between the Persian Gulf and the Sea of Oman — and vice versa — resumes within 30 days at pre-war volumes, taking into account the need to remove technical obstacles and for Iran to clear mines.
6. The United States commits, together with its regional partners, to creating a comprehensive plan — to be agreed upon by both parties — for the reconstruction and economic development of the Islamic Republic of Iran, while securing funding of at least $300 billion. The implementation mechanism for this plan, as part of the final agreement, will be established within 60 days.
7. The United States commits to terminating, according to a timeline to be agreed upon as part of the final agreement, all forms of sanctions currently faced by the Islamic Republic of Iran, including United Nations Security Council resolutions and International Atomic Energy Agency (IAEA) Board of Governors resolutions, as well as all unilateral U.S. sanctions, both primary and secondary.
8. The Islamic Republic of Iran reaffirms that it will never produce nuclear weapons. The Islamic Republic of Iran and the United States have agreed that the fate of enriched material and the fate of all other mutually agreed-upon matters related to nuclear energy, including Iran’s nuclear needs, will be adequately addressed in a final agreement; the final agreement will confirm the provisions of this article.
9. The Islamic Republic of Iran and the United States agree that, pending a final agreement, they will maintain the status quo: Iran will preserve the status quo in its nuclear program, and the United States will neither impose new sanctions on Iran nor reinforce its forces in the region.
10. The United States commits that immediately following the signing of this Memorandum of Understanding and until the date sanctions are lifted, the U.S. Department of the Treasury will issue exemptions for the export of Iranian crude oil, petrochemical products and their derivatives, as well as all related services, including banking, insurance, transportation, and associated activities.
11. The United States commits that, in light of progress in negotiations toward a final agreement, the frozen or restricted funds and assets of the Islamic Republic of Iran will be unblocked and made fully available. These funds, whether held in the primary account or transferred, will be used for any final beneficiary payment as determined by the Central Bank of the Islamic Republic of Iran and will be fully available for use. The United States commits to issuing all necessary licenses and permits on this basis.
12. The Islamic Republic of Iran and the United States agree that an implementation mechanism will be established to oversee the successful implementation of and future compliance with the Final Agreement.
13. Following the signing of this Memorandum of Understanding, and upon receipt of assurances regarding the commencement of implementation of Articles 4, 5, 10, and 11 of this Memorandum of Understanding and the continued implementation of these steps, the Islamic Republic of Iran and the United States will begin negotiations on a Final Agreement exclusively with regard to the remaining Articles.
14. The final agreement will be approved through a binding United Nations Security Council resolution.