Iran Agrees to End Uranium Enrichment, Waltz Says, as 20% Oil Route Could Reopen
Updated
Updated · POLITICO · Jun 14
Iran Agrees to End Uranium Enrichment, Waltz Says, as 20% Oil Route Could Reopen
3 articles · Updated · POLITICO · Jun 14
Summary
Mike Waltz said Iranian officials have agreed to “walk away” from uranium enrichment and stop backing proxies including the Houthis, Hezbollah, Hamas and Iraqi militias, though he stopped short of saying a final deal is signed.
The White House sees the memorandum of understanding as a step toward ending months of U.S.-Iran conflict, with Waltz saying key details would be worked out in the next round of negotiations.
Donald Trump announced a deal Saturday, but Tehran has not confirmed one; Foreign Minister Abbas Araghchi said Friday an agreement “has never been closer.”
The stakes extend beyond diplomacy because the Strait of Hormuz — which normally carries about 20% of global oil flows — could reopen after months of severe tanker disruption and surging prices.
With nuclear issues deferred, is this deal a real solution or just a temporary pause in the conflict?
If Iran cuts funding, can its self-sufficient proxies still threaten global stability?
How can the world verify Iran's nuclear promises after its uranium was moved to secret underground sites?
Iran-U.S. Ceasefire and Strait of Hormuz Reopening: Inside the 60-Day Memorandum of Understanding and the Road to Lasting Peace
Overview
On June 15, 2026, the United States and Iran signed a Memorandum of Understanding after the U.S. signaled a ceasefire deal was very close. This agreement immediately extended the ceasefire for 60 days and reopened the Strait of Hormuz to all maritime traffic, easing tensions and allowing both sides to negotiate further without the threat of ongoing conflict. The MoU sets the stage for addressing more complex issues and working toward a lasting resolution, marking a pivotal step from crisis toward potential stability in the region.