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Jun 17, 2026 Major3
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US and Iran Sign 14-Point Memorandum of Understanding to Halt Military Operations
The United States and Iran have signed a 14-point memorandum of understanding that immediately halts all military operations, including in Lebanon, and commits both nations to negotiate a final comprehensive deal within 60 days. The agreement includes commitments to remove the U.S. naval blockade against Iran within 30 days, develop a $300 billion reconstruction plan for Iran, and terminate all sanctions against Iran as part of a final deal.
Quick Facts
Who
United States
What
Signed a 14-point memorandum of understanding
When
2026-06-17
Where
Lebanon
- Signed a 14-point memorandum of understanding
- Immediate and permanent termination of military operations
- Commitment to negotiate a final deal within 60 days
- Removal of U.S. naval blockade
- Safe passage of commercial vessels
The United States and Iran have entered into a 14-point memorandum of understanding (MoU) that immediately halts all military operations on all fronts, including in Lebanon, according to Pakistani Prime Minister Shehbaz Sharif, who mediated the agreement. The MoU was electronically signed by the leaders of both countries and took effect immediately, Sharif confirmed on Thursday. Senior U.S. officials read the text of the deal to journalists on Wednesday under condition of anonymity, and Iranian state media later released a version that largely matched the U.S. version.
The agreement, which commits both nations to negotiate a final comprehensive deal within 60 days, includes a U.S. pledge to begin removing its naval blockade against Iran immediately and to fully end it within 30 days. During this period, vessel traffic will be restored to pre-war levels by Iran. The U.S. also promises to remove its forces from near Iran within 30 days after a final deal is reached.
Iran, for its part, will make arrangements for the safe passage of commercial vessels at no charge for 60 days from the Persian Gulf to the Sea of Oman and vice versa. Iran will also work to remove technical and military obstacles and demine the area within 30 days. Additionally, Iran will hold talks with Oman about the future administration and maritime services in the Strait of Hormuz, in consultation with other Persian Gulf littoral states.
The United States has committed to working with regional partners to develop a definitive, mutually agreed plan of at least $300 billion for the reconstruction and economic development of Iran. The mechanism for this plan will be finalized as part of a final deal within 60 days, and all necessary licenses, waivers, and permissions for financial transactions will be granted by the U.S.
Furthermore, the U.S. undertakes to terminate all types of sanctions against Iran, including United Nations Security Council resolutions, IAEA Board of Governors resolutions, and all unilateral U.S. sanctions, primary and secondary, according to an agreed schedule as part of the final deal. Both countries acknowledged the critical importance of sanctions termination and expressed their intention to address these issues immediately in negotiations.
Both sides reaffirmed their commitment to respect each other's sovereignty and territorial integrity and to refrain from interfering in each other's internal affairs. The MoU also includes a commitment from Iran that it shall not procure or develop certain unspecified items. The agreement marks a significant step toward de-escalating the conflict between the two nations.
Why This Matters
This agreement defuses a major military confrontation between the U.S. and Iran, immediately halting operations in Lebanon and elsewhere. For global markets, the removal of the naval blockade within 30 days and potential sanctions relief could stabilize oil shipping routes through the Strait of Hormuz and unlock significant trade and investment opportunities in Iran's reconstruction. Diplomats and geopolitical analysts should monitor the 60-day negotiation window, as the final deal's terms — including sanctions termination schedules and Iran's non-procurement commitments — will shape regional power dynamics and U.S. credibility in the Middle East.
Timeline & Sources
Jun 17, 2026
WireSenior U.S. officials read the memorandum of understanding to journalists.
Jun 18, 2026
WirePakistani Prime Minister Shehbaz Sharif announces that the MoU has been electronically signed and entered into force.