On June 15, high-ranking officials from the United States announced that the U.S. and Iran have electronically signed a framework agreement aimed at ending a three-month conflict and reopening the strategic Strait of Hormuz. President Donald Trump and Vice President Jay D. Vance signed the agreement virtually, while Iranian Parliament Speaker Mohammad Baqer Qalibaf represented Tehran.
A formal signing ceremony is scheduled to take place in Geneva, Switzerland, on June 19. Officials indicated that the full text of the memorandum would be released within 24 to 48 hours, emphasizing a commitment to “full transparency” and the absence of any “secret agreements.”
The framework grants both Washington and Tehran a 60-day period to negotiate a final resolution, particularly addressing disputes regarding Iran’s enriched uranium stockpiles. Both Trump and Iranian representatives confirmed that they had reached consensus on the agreement’s text.
Reports suggest that the document includes provisions for reopening the Strait of Hormuz and lifting the U.S. maritime blockade on Iran. Additionally, it extends the current ceasefire for another 60 days, during which discussions about Iran’s nuclear program are to occur. Trump reiterated his stance that Iran will not acquire nuclear weapons.
A senior U.S. official, quoted by Reuters, clarified that despite various media reports, the U.S. has not yet unfrozen Iranian assets or transferred any funds to Iran. However, the official acknowledged that the memorandum entails a “significant easing” of sanctions against Iran, contingent upon the country’s adherence to its commitments.
Furthermore, the memorandum does not include any obligations regarding the withdrawal of Israeli troops from southern Lebanon, a point previously rejected by Israeli authorities. Nonetheless, it does call for a ceasefire in Lebanon.
U.S. and Israeli forces began striking Iranian targets in late February, with active hostilities continuing until early April. Despite a lull, both sides have frequently exchanged attacks, and the Strait of Hormuz has remained partially closed to shipping. Negotiations have been conducted through intermediaries over the past two months.
The U.S. and Iran have signed a framework agreement to end hostilities and reopen the Strait of Hormuz, with a formal signing set for June 19. This agreement allows for a 60-day negotiation period to address key issues, including Iran's nuclear program and sanctions relief.