Iran, US Sign War-Ending MOU, Set 60-Day Path to Final Deal
Updated
Updated · Foreign Policy · Jun 30
Iran, US Sign War-Ending MOU, Set 60-Day Path to Final Deal
3 articles · Updated · Foreign Policy · Jun 30
Summary
Switzerland talks under the new memorandum produced a 60-day road map to a final agreement, plus working groups on nuclear enrichment, sanctions and implementation.
April’s cease-fire and nearly 70 days of Pakistan- and Qatar-brokered indirect talks led to the accord, which also created channels to keep the Strait of Hormuz open and the Lebanon cease-fire intact.
Hormuz has reopened and the blockade has been lifted, helping the Iranian rial gain more than 15% against the dollar in the days after the deal news.
The toughest issues were deferred to the next phase, with Tehran insisting implementation comes first and disputes still unresolved over enrichment, sanctions relief and the shape of any settlement.
Iran’s internal split now looms over the cease-fire: pragmatists back economic relief and de-escalation, while hard-liners retain enough political leverage to raise the cost of compromise.
Is Iran’s peace deal a genuine policy shift or a tactical pause to rearm for a future conflict?
With Iran's new Supreme Leader missing in action, who truly holds the power to uphold the fragile peace deal?
Iran proved it can close the Strait of Hormuz. Can global energy markets ever truly trust its security again?
The 2026 Iran-US Memorandum: $300 Billion Deal to End War, Reopen Hormuz, and Shift Regional Power
Overview
The Iran-US Memorandum of Understanding (MOU) signed on June 18, 2026, marked a turning point by ending the recent conflict and reopening the Strait of Hormuz. This agreement was reached after a period of intense war and global economic disruption, highlighting the urgent need for peace. A key part of the MOU is the US and its partners’ commitment to develop a major reconstruction plan for Iran, with at least $300 billion dedicated to economic recovery. By ensuring smooth financial transactions and focusing on economic stabilization, the agreement aims to lay a strong foundation for lasting peace in the region.