Overview
- The presidents of the United States and Iran remotely signed the 14‑point memorandum on June 17 to create a pathway toward a final settlement and an immediate pause in fighting.
- Published draft items to be operationalized include a 60‑day ceasefire, Iran removing mines and lifting a blockade of the Strait of Hormuz, and phased U.S. removal of a maritime blockade and nearby troops.
- The draft envisages at least $300 billion in reconstruction and phased sanctions relief if a final nuclear deal is reached, with questions such as the fate of enriched uranium deferred to later talks.
- President Trump described the memorandum as non‑final and warned he could resume military strikes if Iran does not meet expectations, and Iranian outlets say the press‑published text contains inaccuracies.
- U.S. and Iranian delegations will meet for technical negotiations in Switzerland on June 19 to reconcile the draft, and the outcome will determine whether shipping, sanctions and regional troop movements change on the ground.