Iran-US Peace Deal: Key Elements and Negotiation Timeline
Poinews.com – On June 14, 2026, Iranian state media revealed that Tehran has not yet finalized its decision on a proposed peace agreement with the United States. The deal, which aims to resolve tensions between the two nations, includes a range of provisions covering oil sanctions, nuclear program constraints, and the release of frozen assets.
Terms of the Memorandum of Understanding
A senior Iranian official disclosed to Reuters that a final draft of the memorandum of understanding outlines several critical areas. These include the reopening of the Strait of Hormuz to all commercial vessels, the lifting of the U.S. naval blockade on Iranian ports, and the suspension of oil sanctions for a defined period. The official noted that the agreement would enter into force within 60 days of mutual consent.
Under the terms, Iran agrees to immediately allow unrestricted passage for commercial ships through the Strait of Hormuz. The U.S. would begin removing its naval blockade on Iranian ports right after the memorandum is signed, with the process completed within 30 days. Additionally, the U.S. pledges to refrain from imposing new sanctions until a final deal is reached.
Once finalized, all U.S. and U.N. sanctions on Iran would be lifted according to a predetermined schedule. The agreement also includes a U.S. waiver permitting Iran to sell oil and generate revenue during the specified period. A significant component of the deal is the release of $25 billion in Iran’s frozen assets, which could be distributed through direct cash transfers, regional cooperation, or financial credit lines.
Mediation and Political Signals
As negotiations progressed, U.S. President Donald Trump and Pakistan, a key mediator, hinted at a potential breakthrough. Trump announced on Saturday that a deal could be signed within 24 hours, stating,
“The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is open to all.”
Pakistan’s Prime Minister Shehbaz Sharif echoed this optimism, declaring,
“With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week.”
On the same day, a Qatari delegation arrived in Tehran to assess the latest developments in the diplomatic process. The Tasnim news agency reported that the group would “examine the latest developments related to the diplomatic process.” These efforts underscore the urgency surrounding the agreement, which hinges on Iran’s commitment to fully reopen the Strait of Hormuz and abandon its nuclear weapons program.
Trump emphasized that the deal would serve as a “wall to no nuclear weapon,” warning that if negotiations falter, the U.S. would consider its ultimate alternative. The proposed agreement also envisions a joint reconstruction and development plan, with Washington coordinating with regional allies to finalize it within 60 days.
