Proposed Iran-U.S. deal would reopen Hormuz strait and lift oil sanctions, Iran state media says
The draft would pause fighting for 60 days and tie sanctions relief and frozen funds to later nuclear talks, officials said.
- A memorandum between the United States and Iran to halt Gulf hostilities could be signed in Geneva on Sunday, with U.S. Vice President JD Vance and Iranian Parliament Speaker Mohammed Baqer Qalibaf expected to sign the agreement.
- President Donald Trump announced on Thursday he was calling off new military strikes, stating 'We just made a great settlement of the war with Iran' after weeks of escalation involving direct fire between Iran and Israel.
- Terms reportedly include waiving sanctions on Iran's oil, unfreezing $24 billion in frozen Iranian assets, and reopening the Strait of Hormuz, with a 60-day cessation of hostilities on all fronts including Lebanon.
- Prime Minister Benjamin Netanyahu stated Israel is not a party to the memorandum, while nuclear issues remain deferred to a 60-day negotiation period rather than addressed in the initial agreement.
- Negotiators aim to finalize document wording by Saturday to enable Sunday's signing, with the memorandum including $300 billion in reconstruction plans requiring United Nations Security Council endorsement.
239 Articles
239 Articles
Bozeman Daily Chronicle
What we know about a possible deal to end the Iran war
The United States and Iran appear close to a deal to end their war and reopen the Strait of Hormuz. Pakistani Prime Minister Shehbaz Sharif said Friday the U.S. and Iran have agreed on the wording of an agreement. Mediators…
Iran says proposed deal with US could end months-long war
Tehran: Iranian Foreign Minister Abbas Araghchi said on Friday, June 12, that a proposed memorandum of understanding between Tehran and Washington could formally end the conflict and create a framework for negotiations on sanctions relief, Iran’s nuclear programme and wider regional issues. Speaking to Iranian state broadcaster IRIB, Araghchi said the proposed agreement, commonly known as the Islamabad Memorandum of Understanding after Pakistan’…
Iran peace deal looms while new military action flares near Strait of Hormuz
The United States and Iran signaled on Friday, June 12, that an agreement to end their war was close, with a senior US administration official saying both sides had agreed on a text and that Washington expects to sign an initial deal in the coming days. Iranian Foreign Minister Abbas Araqchi said that while changes in the deal were still possible, the tentative agreement showed his country had emerged stronger from the conflict. “Iran is the win…
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