US, Iran Reach Draft Deal to Halt 3-Month War

15 June 2026: US and Iran have announced an agreement framework to resolve the conflict, aiming for a formal peace signing in Switzerland. Both sides announced a formal Memorandum of Understanding  to be signed on Friday, June 19.

The proposed deal will focus upon ending military operations, reopening the Strait of Hormuz and lifting the US naval blockade, while leaving Iran’s nuclear programme for future negotiations reported on Monday by Associated Press.

Pakistan, which served as a mediator, announced that both the countries had reached a point of understanding calling for “the immediate and permanent termination of military operations on all fronts, including Lebanon”. The exact message regarding the agreement has not been confirmed but is expected to be released soon. 

US President Donal Trump announced that breakthrough on his Truth Social platform saying, “The Deal with the Islamic Republic of Iran is now complete. In a separate agreement Trump had announced the agreement as a historic achievement. “Many presidents have tried to make peace with Iran but all have failed before me” reported by Associated Press on Monday. 

Iran’s Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi has confirmed the agreement and said Tehran would enter a proposed 60-days negotiation period only after verifying that Washington had fulfilled its commitments. 

One of the most important elements of the negotiation will be the reopening of the ‘Strait of Hormuz’ , a global energy route. US and Iranian officials said they had agreed on a framework to end the war, halt the US blockade of Iran and reopen the waterway. However, the implementation will totally depend on the agreement that is formally signed on Friday. It was also noticed that the future of Iran’s Nuclear programme remains unresolved and will be negotiated separately. 

Lebanon had emerged as a critical point of negotiations, with Israel and Hezbollah continuing attacks despite repeated calls of restraint. Iran’s Supreme National Security Council Secretariat later stated that war and military operations should be resolved from all fronts including Lebanon. 

Financial markets responded swiftly after the announcement of the negotiations. Oil prices fell sharply after the news of the agreement, making the possibility of stable energy supply. The United Kingdom, France, Germany and Italy welcomed the agreement and said they were prepared to ease all the sanctions on Iran, if they are verifiable about the nuclear programme of Iran.