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U.S.-Iran peace memorandum could be signed on Sunday in Geneva: Reuters

The draft would reopen the Strait of Hormuz and start 60 days of nuclear talks, while sanctions relief would depend on verified Iranian compliance.

  • On Thursday, President Donald Trump canceled planned military strikes against Iran, citing approval of a memorandum of understanding framework that could be signed this weekend in Europe by Vice President JD Vance.
  • The conflict began February 28 after U.S. and Israeli strikes; Iran closed the Strait of Hormuz and launched retaliatory attacks, disrupting global energy supplies and fueling inflation that has pressured Americans economically.
  • Draft terms include a 60-day ceasefire, immediate reopening of the Strait of Hormuz, and sequenced sanctions relief tied to Iran's compliance, with nuclear program limitations to be negotiated during the interim period.
  • Global markets surged as Brent crude fell 4.2% to $89.21 per barrel; however, Iranian Foreign Ministry spokesman Esmaeil Baqaei dismissed finalized deal reports as "speculation," stating Tehran has not yet reached a final decision.
  • Prime Minister Benjamin Netanyahu's office confirmed Israel is not a party to the agreement, while experts caution that global energy markets could take until next year to normalize even if a deal succeeds.
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Center

US-Iran Peace Deal: What’s known about the possible agreement

Little information about the fine print of the pact is available as of Saturday afternoon, but many of the potential details are known, including some that surround the top two issues.

·Atlanta, United States
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Lean Left

Very little for now, and everything suggests that it will not be decisive

·Italy
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Lean Right

Hours earlier, Pakistan's Prime Minister Shehbaz Sharif had announced that the draft would probably be finalized "in the next 24 hours"

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The Post Millennial broke the news in Montreal, Canada on Thursday, June 11, 2026.
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