U.S., Iran Announce Interim Peace Deal, Commit to Sanctions Relief, Nuclear Talks

The United States and Iran announced an interim peace agreement on June 17, 2026, immediately ending military conflict and initiating final nuclear deal negotiations within 60 days. A U.S. official detailed a 14-point Memorandum of Understanding (MOU) that includes lifting a maritime blockade, restoring oil exports, and unfreezing Iranian assets. The MOU outlines a commitment to terminate all sanctions, including those from the UN Security Council and unilateral U.S. measures, as part of a final agreement. The U.S. will begin lifting its maritime blockade and allow Iranian oil exports through Treasury waivers. Iran will ensure safe passage in the Strait of Hormuz within 60 days. The U.S. also pledges at least $300 billion for Iran's reconstruction and economic development. Iran reiterated its commitment not to acquire nuclear weapons.