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Vance says US, Iran ‘already signed the deal digitally’ Sunday; hopes to release text this week

The memorandum sets 60 days of technical talks and makes sanctions relief contingent on Iran meeting compliance benchmarks, officials said.

  • On Sunday, President Donald Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf electronically signed a memorandum of understanding to pause hostilities and reopen the Strait of Hormuz, with a formal ceremony scheduled for Friday in Geneva.
  • The agreement initiates a 60-day negotiation period to resolve contentious issues including Iran's nuclear program and potential sanctions relief, addressing disputes left unresolved since the U.S. and Israel launched military strikes in February.
  • Oil prices fell sharply following the announcement, reflecting market optimism; while reports cite a potential $300 billion reconstruction fund, Vice President Vance insisted, "There's been no money released, and that won't change."
  • Israel, which is not a party to the agreement, continues military operations in southern Lebanon; Israeli Defense Minister Israel Katz vowed forces would remain in security zones indefinitely, calling the arrangement problematic for Israeli interests.
  • Bipartisan congressional leaders are demanding full access to the unpublished memorandum under legislative oversight rules, while President Trump and Vice President Vance promised the text will be released sometime after Friday's ceremony.
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What does the 'memorandum of understanding' signed by the US, Iran mean for the war?

The Trump administration signed a preliminary agreement with Iran to extend the ceasefire, reopen the Strait of Hormuz, and dismantle Iran's nuclear program, though key details remain unclear.

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Gazeta broke the news in Poland on Sunday, June 14, 2026.
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