Key facts about the deal
- The Islamabad Memorandum of Understanding is a 14-point agreement between the United States and Iran, signed digitally on 14 June 2026, that ended active fighting in the 2026 Iran war and opened a 60-day window to negotiate a final, UN-endorsed deal.
- It was mediated by Pakistan (PM Shehbaz Sharif), with Qatar and Oman, and signed for the US by President Trump and VP JD Vance and, per US officials, for Iran by Parliament Speaker Mohammad Bagher Ghalibaf.
- Core terms: end of war on all fronts; Strait of Hormuz reopened toll-free for 60 days; US naval blockade lifted; immediate Iranian oil-export waivers; a $300 billion (Gulf-funded) reconstruction plan; release of frozen assets on compliance; and a pledge that Iran will not develop nuclear weapons.
- On nuclear: ~440 kg of 60%-enriched uranium is to be down-blended on-site in Iran under IAEA supervision; harder questions are deferred to the final deal.
- Unresolved / disputed: Israel says it is not bound (especially on Lebanon); the Strait is still effectively closed; sanctions termination and the fund are conditional; and Trump has warned he could resume strikes.
- The planned 19 June Geneva signing ceremony was cancelled after the electronic signing (Iran MFA spokesman Esmail Baghaei).
Not to be confused with the 2025 Twelve-Day War (13–24 June 2025), a separate Israel–Iran conflict in which the US Operation Midnight Hammer struck Fordow, Natanz and Isfahan on 22 June 2025. This page covers the distinct 2026 Iran war, which began on 28 February 2026.
What is the US–Iran deal?
The Islamabad Memorandum of Understanding is a 14-point agreement between the United States and Iran, signed digitally on 14 June 2026, that ended active fighting in the 2026 Iran war and opened a 60-day window to negotiate a final, UN-endorsed peace deal. It was mediated by Pakistan — the talks were held in Islamabad — with Qatar and Oman also facilitating. It is a ceasefire framework, not yet a final treaty: it locks in an end to hostilities and a set of immediate steps, while deferring the hardest questions (especially Iran's nuclear enrichment and the sequencing of sanctions relief) to a final agreement to be reached within 60 days.
What does the US–Iran deal include? The 14 points
The memorandum's 14 points, as released by the US administration and reported by CNN, NBC News, CBS and others on 17 June 2026, are summarized below. Wording is condensed; consult the primary sources for the exact text.
| # | What the point says | Status / notes |
|---|---|---|
| 1 | End of the war. Immediate, permanent end to hostilities on all fronts, including Lebanon; no further threat or use of force. | In effect on signing. Israel disputes it is bound on Lebanon. |
| 2 | Sovereignty. Both sides respect each other's sovereignty and territorial integrity and won't interfere in internal affairs. | Mutual pledge. |
| 3 | 60-day talks. Negotiate a final agreement within 60 days, extendable by mutual consent. | Clock runs from signing. |
| 4 | Naval blockade lifted. US removes its naval blockade, fully within 30 days, and pulls forces back from Iran's vicinity within 30 days of a final deal. | Blockade lifting under way. |
| 5 | Hormuz safe passage. Iran guarantees toll-free safe passage for commercial vessels for 60 days (Persian Gulf ↔ Sea of Oman) and clears mines / technical obstacles within 30 days. | Strait still effectively closed mid-June; mine clearance pending. |
| 6 | $300bn reconstruction. US, with regional partners, develops a plan worth at least $300 billion for Iran's reconstruction and economic development. | Gulf-state / private financing; mechanism set in the final deal. |
| 7 | Sanctions termination. US terminates all sanctions (UN Security Council, IAEA board, and unilateral primary/secondary US sanctions) on an agreed schedule, as part of the final deal. | Conditional on the final deal. |
| 8 | No nuclear weapons. Iran reaffirms it will not procure or develop nuclear weapons; the fate of enriched material is settled in the final agreement. | Down-blending on-site under IAEA supervision (see note). |
| 9 | Status quo. Until the final deal, Iran freezes its nuclear program at the status quo; US adds no new sanctions and deploys no additional forces. | Interim freeze. |
| 10 | Oil exports. US Treasury immediately issues waivers for Iranian crude and petrochemical exports and related banking, insurance and transport. | Effective on signing. |
| 11 | Frozen assets. Frozen or restricted Iranian funds (≈$100bn) released and made fully available via Iran's Central Bank as talks progress. | Conditional on negotiation progress / compliance. |
| 12 | Monitoring. An executive mechanism is established to monitor implementation and future compliance. | Joint mechanism. |
| 13 | Sequencing. Final-deal talks begin once points 1, 4, 5, 10 and 11 are being implemented. | Implementation-gated. |
| 14 | UN endorsement. The final deal will be endorsed by a binding UN Security Council resolution. | Pending a final deal. |
Nuclear note: on the existing stockpile, the memorandum specifies the ‘minimum methodology’ of down-blending on site — Iran's enriched uranium is to be diluted inside Iran, not removed, under IAEA supervision, with the details finalized in the final deal.
Who signed it, and was there a Geneva ceremony?
The memorandum was digitally signed on 14 June 2026 by President Donald Trump and Vice-President JD Vance for the United States and, according to US officials and CSIS, by Parliament Speaker Mohammad Bagher Ghalibaf for Iran (some outlets framed the Iranian signatory around President Masoud Pezeshkian). VP Vance announced the signing on 15 June. Trump signed a hard copy over dinner at the Palace of Versailles on 17 June, and Iran's foreign ministry confirmed the electronic signing the same day. Iran's negotiations were led by foreign minister Abbas Araghchi.
A formal signing ceremony had been planned for 19 June in Geneva, Switzerland, but it was cancelled: Iran's foreign ministry spokesman Esmail Baghaei said that, because the document was signed electronically, no ceremony would be held in Switzerland — though negotiating teams may still meet there to begin the 60-day talks.
The $300 billion reconstruction fund and frozen assets
Point 6 commits the US, with regional partners, to develop a plan worth at least $300 billion for Iran's reconstruction. US officials, including VP Vance, have stressed it is conditional on Iranian compliance and is structured as a private investment vehicle backed largely by Gulf states — not US Treasury money or reparations. Reuters reported that over half of the financing had been committed. Separately, point 11 provides for the release of frozen Iranian assets (reported at roughly $100 billion) via Iran's Central Bank as talks progress. Iran had originally sought about $400 billion in war compensation, which Washington declined.
What's unresolved or disputed?
Several major questions are deliberately left to the 60-day talks or are actively contested:
- Israel says it is not bound. The US did not share the text with Israel in advance; Prime Minister Netanyahu said Israel would ‘preserve its freedom of action,’ particularly against Hezbollah in Lebanon, and an Israeli strike near Beirut was reported on 14 June.
- Enrichment. The fate of Iran's enriched-uranium stockpile and future enrichment is deferred to the final deal; down-blending is to occur on-site under IAEA supervision.
- The Strait of Hormuz is not yet truly flowing — mine clearance and war-risk insurance mean a return to normal could take months. See the Hormuz crisis.
- Compliance doubts. CIA Director John Ratcliffe and acting National Security Adviser Marco Rubio have publicly questioned whether Iran will comply, and President Trump has warned he could resume strikes if he dislikes the final deal.
Why it matters
If it holds, the memorandum would end the deadliest US–Iran confrontation to date, reopen a critical oil chokepoint and reshape the regional balance. If it collapses within the 60-day window, fighting could resume on multiple fronts. This page sits within our wider 2026 Iran war coverage; for the day-by-day sequence see the war timeline.
Follow the whole Iran war & peace deal
This page is part of our Iran-war coverage cluster. Explore the connected analyses:
Frequently asked questions
What is in the US–Iran deal?
The 14-point Islamabad Memorandum of Understanding ends the war on all fronts, reopens the Strait of Hormuz toll-free for 60 days, lifts the US naval blockade, issues immediate Iranian oil-export waivers, commits to a $300 billion Gulf-funded reconstruction plan, releases frozen Iranian assets on compliance, and has Iran reaffirm it will not develop nuclear weapons, with its 60%-enriched uranium to be down-blended on-site under IAEA supervision.
Did the US and Iran reach a deal?
Yes. The two sides reached a final agreed text on 12 June 2026 and digitally signed a 14-point memorandum of understanding on 14 June. President Trump signed a hard copy at Versailles on 17 June, and Iran confirmed the electronic signing the same day. It is a ceasefire framework that opens a 60-day window for a final, UN-endorsed deal.
When is the Iran deal signed — is there a Geneva ceremony?
The memorandum was already signed electronically on 14 June 2026 and by hard copy on 17 June. A formal Geneva ceremony planned for 19 June was cancelled; Iran's foreign ministry said no signing ceremony would be held in Switzerland, though negotiators may still meet there to start the 60-day talks.
Is the Iran war over?
Active fighting has largely stopped under the ceasefire, but the memorandum is not a final peace treaty. A 60-day negotiation is meant to produce a UN-endorsed final deal; Israel disputes it is bound on the Lebanon front, and President Trump has warned he could resume strikes if the final deal disappoints.
What is the $300 billion fund in the Iran deal?
Point 6 commits the US and regional partners to a reconstruction plan worth at least $300 billion for Iran. US officials describe it as a private investment vehicle backed largely by Gulf states — not US government money — and conditional on Iranian compliance with the agreement.
Does the deal stop Iran getting a nuclear weapon?
Iran reaffirms in the memorandum that it will not procure or develop nuclear weapons, and agrees to down-blend its roughly 440 kg stockpile of 60%-enriched uranium on-site under IAEA supervision. However, the hardest questions about future enrichment are deferred to the final deal, and US intelligence officials have publicly doubted Iranian compliance.
Sources & further reading
Primary reporting and analysis used to build this page. Treat all wartime figures as contested estimates and verify against the original source before reuse.
- CNN — US releases official agreement with Iran: read the 14-point text
- NBC News — Text of the Iran–US memorandum of understanding
- CBS News — Read the 14 points of the agreement between Iran and the U.S.
- Al Jazeera — Diplomat confirms US and Iran signed MoU electronically
- CSIS — The United States and Iran Announce a Deal to End the War
- PBS NewsHour — What's in the agreement to end the U.S. war in Iran
- Wikipedia — Islamabad Memorandum
- Reuters via Iran International — Iran–US deal includes $300bn fund, over half committed