US, Iran Agree Nuclear Monitoring and 60-Day Hormuz Line as Oil Sanctions Waived
Updated
Updated · CNN · Jun 22
US, Iran Agree Nuclear Monitoring and 60-Day Hormuz Line as Oil Sanctions Waived
3 articles · Updated · CNN · Jun 22
Summary
Iran agreed in Switzerland to admit IAEA nuclear monitors, while US Vice President JD Vance said the talks laid a foundation for a final deal and would continue at the technical level.
A 60-day communication line for the Strait of Hormuz and a de-mining coordination mechanism were also set up after threats to close the waterway and Trump’s remarks briefly disrupted negotiations.
Oil sanctions on Iran were waived and some frozen assets were released, with Vance saying any further unfreezing would be tightly controlled by the US and Qatar and steered into American farm purchases.
Lebanon remains the main unresolved front: Vance called Israel-Hezbollah deconfliction a work in progress, while Israel is weighing symbolic withdrawals ahead of talks with Lebanon in Washington.
With billions in assets unfrozen, will the new US-Iran deal bring peace or just fund the next regional war?
A fragile truce reopens a vital waterway, but what happens when the 60-day clock on the agreement runs out?
U.S. and Iran Sign Islamabad Memorandum: A $300 Billion Path to Peace or a Fragile Truce?
Overview
In June 2026, the United States and Iran achieved a major diplomatic breakthrough by signing the Islamabad Memorandum of Understanding. This agreement, endorsed by both presidents, aims to end hostilities, reopen the vital Strait of Hormuz, and set a 60-day window for negotiating a comprehensive peace deal. The move comes after both countries faced mounting pressures from costly conflict and global economic strains. By focusing on immediate de-escalation and creating a path for further talks, the memorandum marks a crucial step toward stability and offers hope for resolving long-standing tensions between the two nations.