US and Iran agree on peace roadmap, signal reopening of Strait of Hormuz: Live updates
The US and Iran said they have agreed on a memorandum of understanding aimed at ending the conflict, which began on February 28 with a joint US-Israeli bombing campaign and prompted Tehran to close the Strait of Hormuz to most shipping.
The agreement will be formally signed on Friday in Geneva, Switzerland.
Although the exact details of the deal have not been made public, Iran said the document would focus on ending the war and reopening the strait, while the two sides would have 60 days to negotiate the future of Iran’s nuclear program.
Trump wrote on Truth Social that he had ordered “the toll free opening of the Strait of Hormuz” and the end of the US naval blockade of Iranian ports.
“Let the oil flow!” he added.
The talks were repeatedly stalled and delayed, with both sides accusing each other of making unacceptable demands and citing a lack of trust.
Most recently, Iran threatened to suspend the negotiations over Israel’s continuing strikes in Lebanon. In an effort to prevent the talks from collapsing, Trump reportedly demanded that Israel halt the attacks during several heated phone calls with Prime Minister Benjamin Netanyahu.
Here are the latest developments:
15 June 2026
00:11 GMTA senior Iranian official shared a draft of the memorandum with Reuters:
- Iran will immediately reopen the Strait of Hormuz, while the US will lift its naval blockade of Iranian ports within 30 days.
- Iran agrees to never seek nuclear weapons and to refrain from further uranium enrichment pending a final agreement.
- The US agrees to allow Iran to dilute its stockpile of highly enriched uranium on Iranian soil. The details will be negotiated after the deal is signed in Switzerland.
- The US agrees not to impose new sanctions on Iran until a final agreement is reached. All US and UN sanctions will be gradually lifted after the final deal.
- The US agrees to release $25 billion in frozen Iranian assets.
- The US and its regional allies will prepare a “reconstruction and development plan” for Iran within 60 days.
14 June 2026
23:41 GMTIn the same interview, Trump praised Russian President Vladimir Putin and Chinese President Xi Jinping for helping broker the settlement.
He described Israeli Prime Minister Benjamin Netanyahu as “a very difficult guy,” arguing that he should be “very thankful to us for doing this.”
“Because if Iran had a nuclear weapon, Israel wouldn’t be around for two hours,” Trump said.
The president earlier told Axios that Netanyahu had “no f**king judgement” for carrying out airstrikes in Lebanon despite Iran’s warnings that such attacks would jeopardize the talks.
- 23:32 GMT
In an interview with The New York Times on Sunday afternoon, Trump said that if Iran failed to reach a final agreement on its nuclear program, he would resume military strikes against the country or make the United States “the guardian of the Middle East” in exchange for 20% of the region’s revenues.
Detailed negotiations on Iran’s nuclear program are expected to begin once the memorandum of understanding is signed on Friday.
- 23:20 GMT
In a new post on Truth Social, Trump clarified that the Strait of Hormuz would be reopened after the agreement is signed on Friday.
- 23:10 GMT
Gharibabadi said the agreement followed intense negotiations mediated by Qatar and Pakistan.
“This memorandum does not mean trusting the enemy. It has been written with active distrust,” he said, according to Press TV.
“We will monitor the implementation of US commitments,” he added.
- 22:55 GMT
Iranian Deputy Foreign Minister Kazem Gharibabadi said that, effective Monday, the war is set to end “permanently and immediately” on all fronts, including Lebanon.
He added that the US would immediately lift its blockade of Iranian ports.
