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Key Provisions of US-Iran Memorandum to End Middle East Conflict

June 18, 2026

TLE DESK: The United States and Iran have released details of a memorandum of understanding (MoU) aimed at ending hostilities in the Middle East and paving the way for a comprehensive peace agreement within 60 days.

Under the memorandum, the United States, Iran and their respective allies agreed to an immediate and permanent cessation of military operations on all fronts, including Lebanon. Both sides pledged not to initiate military action against each other and reaffirmed their commitment to respecting Lebanon’s sovereignty and territorial integrity.

The agreement sets a 60-day deadline, extendable by mutual consent, for negotiating a final settlement between Washington and Tehran.

As part of confidence-building measures, the United States will begin lifting its blockade on Iranian ports immediately and complete the process within 30 days. Washington also agreed to withdraw its forces from areas near Iran within 30 days of a final agreement.

Iran committed to restoring safe commercial navigation through the Strait of Hormuz, a vital global energy route. Commercial shipping is expected to resume immediately, with full restoration of traffic within 30 days after mine-clearing operations are completed.

The memorandum also outlines a reconstruction and economic development framework worth at least $300 billion, to be developed by the United States and its regional partners for Iran.

Washington pledged to remove all sanctions on Iran and release frozen Iranian assets once the agreement is implemented. Immediate waivers will allow exports of Iranian crude oil and petroleum products, alongside related banking, insurance and transportation services.

On the nuclear issue, Iran reaffirmed that it will not develop or acquire nuclear weapons. The future handling of Iran’s enriched uranium stockpile will be determined through a mutually agreed mechanism under the supervision of the International Atomic Energy Agency (IAEA). Until a final agreement is reached, Iran will maintain its current nuclear programme, while the United States will refrain from imposing new sanctions or deploying additional forces in the region.

Pakistani Prime Minister Shehbaz Sharif, who helped mediate the agreement, said the memorandum was electronically signed by US President Donald Trump and Iranian President Masoud Pezeshkian. A formal ceremony is scheduled to take place in Switzerland on Friday, where technical negotiations toward a final agreement will begin.

The final settlement is expected to be endorsed through a binding resolution of the United Nations Security Council.

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Author

Md Tarek Hossain

I’m a Bangladesh-based business journalist and editorial specialist with experience in print, digital, and broadcast journalism. My academic background is in Economics, and my professional interests include economic data journalism, data analysis, media monitoring, fact-checking and regional narratives, particularly across South and Southeast Asia and the Middle East.

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