The terms of the agreement, or Memorandum of Understanding, between the US and Iran—which was electronically signed on June 14 but will be formally signed on June 19, 2026, in Geneva, Switzerland, by US Vice President J.D. Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf—are contained in a 1.5-page document. It should be noted that the first phase concerns the Memorandum of Understanding, to be followed by a second phase in 30 to 40 days when the final peace treaty will be signed.
According to the US President, the content of the agreement will be announced after the signing of the Memorandum, but Vice President Vance emphasized that the included terms essentially fit on a single page and a half. President Trump declares that good things are coming to the Middle East, yet a provocative Israel stresses that the agreement is Trump's own and does not concern Israeli interests. However, both President Trump and Vice President Vance stated that if the agreements are not kept, the US will strike again—a statement that clashes with the spirit of the Memorandum of Understanding. Meanwhile, paradoxically, there has been movement of US aerial refueling tankers in the Persian Gulf over the last few hours that cannot be justified by diplomatic developments. Although the 10 terms of the Memorandum of Understanding will be published after the official signing on June 19, certain parameters have been disclosed.
The 10 key clauses of the Iran–US memorandum
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Full opening of the Strait of Hormuz The Strait of Hormuz will remain open to international shipping, restoring the smooth flow of global energy trade.
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Zero transit fees for ships Iran will not impose direct tariffs or transit fees on merchant ships crossing the Strait of Hormuz.
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Right to collect service fees by Iran but not tolls Despite the abolition of tolls, Iran will be able to collect revenue from: • Insurance services • Fuel replenishment • Environmental services • Port and maritime support
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Release of $12 or $25 billion in frozen Iranian assets The United States is expected to proceed with the release of approximately 12 billion dollars in Iranian assets. It should be noted here that other Iranian sources speak of a release of up to 25 billion dollars and a broader framework of sanctions and economic cooperation.
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Funds will be provided mainly through goods and medicines Washington reportedly insisted that a large part of the funds be released through: • Essential goods • Medical and pharmaceutical equipment • Humanitarian supplies
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Gradual implementation of the agreement over 30–60 days The release of funds and the implementation of commitments will take place gradually, depending on the progress of implementing the terms of the memorandum.
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Extension of the ceasefire for at least 60 days The agreement provides for an extension of the ceasefire that began on April 7, creating a timeframe for further negotiations.
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Talks on the nuclear program are moved to the second phase Tehran succeeded in ensuring that the nuclear program is not a prerequisite for ending the crisis. Relevant negotiations will begin after the first phase of the agreement's implementation.
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Dilution of 60% uranium within Iran Iran accepts to reduce its degree of uranium enrichment: • Within the country • Under the supervision of the IAEA • Without transferring critical nuclear material abroad
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Potential lifting of oil sanctions According to the information: • Sanctions on oil exports may be lifted. • Some secondary US sanctions and sanctions approved by Congress will likely remain.
What Iran gains from the agreement
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It maintains control of nuclear material within the country.
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It secures the release of frozen funds.
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It gradually returns to global energy markets.
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It maintains strategic influence in the Strait of Hormuz.
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It avoids direct concessions on the nuclear issue before the end of the crisis.
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It achieves indirect recognition of its role as a key regional power in the Middle East.
Trump: Very good things will happen in the Middle East - Memorandum terms to be published after June 19
According to US President Trump, very good things will happen in the Middle East. Trump stated that Vice President Vance will be present at the ceremony in Geneva on June 19. According to Trump, the Strait of Hormuz will be fully open by Friday, June 19. "We did very well in the negotiations with Iran," Trump stressed. Regarding Iran's nuclear program, Trump stated once again that Iran "will not acquire a nuclear weapon. They have agreed to that" and that "strict monitoring and enforcement" will guarantee the implementation of the agreement. He also repeated his threats, claiming: "I hope this leads to a good relationship... and if that doesn't happen, we will return to the same situation we were in before."
The US President also claimed that Iran will benefit from the lifting of sanctions only if it "fulfills its obligations." Trump stated that the text of the memorandum of understanding between the United States and Iran will likely be made public after the official signing ceremony, which is scheduled for Friday, June 19. "This is a very important and powerful document, and I want it to be published. So, probably very soon. I think sometime after Friday." Regarding Hormuz, he emphasized, "they are looking for some mines and they have found some of them, but the ships are now starting to leave and pass through. On Friday, June 19, 2026, it will be fully open." "I don't think we will need much help, because we have an agreement that this route will be open and there will be no tolls. We had a small disagreement about this, but ultimately it will be free."
"Big things" will happen
Trump claimed on the sidelines of the Group of 7 (G7) summit alongside French President Macron: "Big things will happen." "I think very good things are happening in the Middle East and most importantly, the price of oil is going down and the stock market is going up like a rocket."
Iran will not have nuclear weapons
Iran will not have a nuclear weapon under the new agreement. The deal includes strong policing and enforcement powers. The lifting of sanctions will happen only if Iran complies with the terms. Iran does not receive money or relief just for signing the agreement.
J.D. Vance: The US will repeat attacks on Iran if agreements are violated
The US government may repeat attacks on Iran and renew the naval blockade if it believes Iran is not complying with the agreement, US Vice President J.D. Vance stressed on June 15. "It could happen," he replied to Fox News when asked if such steps by the US were possible. "That could mean a return of the blockade. That could mean many things," added J.D. Vance, referring to the actions of the American side in that case. "We hold all the cards. And if Iran does not comply with the agreement, we will decide what we do," said J.D. Vance.
Provocative Israel: The agreement with Iran was made by Trump, it was his decision, and we have our own interests
The agreement with Iran was made by Trump, it was his decision, and we have our own interests, provocatively stressed Israeli Prime Minister Benjamin Netanyahu. Until Hezbollah is disarmed, Israel will not leave the security zone in southern Lebanon. Benjamin Netanyahu, who has faced pressure within Israel by signing the ceasefire agreement between the US and Iran, claimed once again in a speech: "We caused great damage to the Iranians and saved Israel from the danger of nuclear disaster."
"If we hadn't rushed to attack Iran, Iran would have acquired a nuclear bomb by now. We killed Al-Dhaif, Haniyeh, Al-Sinwar, and everyone who participated in October 7, and we rescued all the hostages by entering Gaza. We killed Nasrallah and prevented the attack in Galilee. We destroyed the weapons of the Assad regime and we will remain in the security zones in southern Syria for as long as needed." "I will participate in the Knesset elections and I intend to win them," mentioned Benjamin Netanyahu. Answering certain reports regarding the differences between him and Trump, Israeli Prime Minister Netanyahu said: "Trump and I sometimes disagree; I am not sure about the details of the agreement between Washington and Tehran."
The agreement is complete
CNBC reports that an agreement between the US and Iran has been electronically signed by the speaker of the Iranian parliament, Mohammad Bagher Ghalibaf. According to an anonymous American official, the US-Iran Memorandum of Cooperation provides for the "immediate" reopening of the Strait of Hormuz; however—while President Trump stated earlier that ships are starting to move—the American official subsequently stated that the reopening of the strait will "take time" due to mines and that we can expect an increase in traffic in the strait in the next 1–2 weeks.
Iranian tankers and cargo ships have passed as the US naval blockade is officially lifted
At least three Iranian tankers and two cargo ships carrying essential goods successfully passed the US naval blockade. The ships passed on the night of Monday, June 15, marking the first operational victory of the newly finalized memorandum of understanding between Iran and the United States. The ships, which had been blocked for months amid the illegal American blockade campaign against Iranian shipping, crossed international waters unhindered. This happened less than 24 hours after the finalized memorandum of understanding (MoU) mediated by Pakistan and Qatar imposed the immediate end of the illegal US naval blockade against Iran, as part of a broader cessation of hostilities on all fronts.
Sardar Esmail Qaani (IRGC Quds Force): The war discredited the US, American ships are weak
Sardar Esmail Qaani, commander of the Quds Force of the IRGC (Islamic Revolutionary Guard Corps), stated that the third war (which began in late February 2026) discredited America; also, "the process of the collapse of the Zionist regime has been strengthened." The commander of the IRGC Quds Force stated that the American-Zionist enemy has no honor left. General Qaani noted that some of the most equipped American ships that intended to cross the Red Sea during the war spent nearly two weeks traveling between Yemen and Jeddah to decide whether they could cross there or not, but ultimately did not dare to do so.
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