finance
Trump and Pezeshkian Sign 14-Point U.S.-Iran Memorandum of Understanding
The agreement signed June 22 creates a 60-day window for further talks. It covers military withdrawals, sanctions relief, and control of the Strait of Hormuz.
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President Donald Trump and Iranian President Masoud Pezeshkian signed a 14-point Memorandum of Understanding on June 22, 2026. OilPrice.com reported that the document establishes an extendable 60-day negotiation period rather than a final settlement. Every point remains open to renegotiation by Iran.
Point 1 calls for the immediate and permanent end to all U.S. and Israeli military operations in Iran and Lebanon. Point 2 requires mutual respect for sovereignty and non-interference in internal affairs.
Point 4 demands removal of the U.S. naval blockade of the Strait of Hormuz within 30 days and withdrawal of forces to pre-war positions. Point 5 mandates Iranian management of maritime traffic through the strait.
Points 6, 7, and 11 seek suspension of U.S. -funded economic development plan. Point 10 sets logistical arrangements for the resumption of Iranian oil exports. The MoU was signed only by the United States and Iran.
It does not include Israel. Operation Epic Fury began on February 28. Trump has stated he wants the free flow of shipping through the Strait of Hormuz as it existed before that operation. Iran seeks sanctions relief, access to frozen assets, resumed oil exports, control over Hormuz-related issues, and protections for its nuclear program.
Washington is reportedly content to keep negotiations alive under the MoU framework rather than conclude a final deal.
