PM Shehbaz states there will be immediate, permanent termination of military operations on all fronts
A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of the US, Iran, China, Russia, Britain, Germany, France and the European Union during Iran nuclear talks at the Vienna International Centre in Vienna, Austria on July 14, 2015. FILE PHOTO: REUTERS
US and Iranian officials said they had agreed on a framework to end their war, halt the US blockade of Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran’s nuclear program to further negotiations.
“The Deal with the Islamic Republic of Iran is now complete,” US President Donald Trump wrote on his Truth Social platform around 5:30pm ET local time in Washington (1:30am PKT) on Sunday. His post came shortly after Prime Minister Shehbaz Sharif, whose country has served as a mediator, announced a deal had been struck early on Monday local time.
The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland.
The precise terms were not immediately known. Sharif said in a post on X that the pact called for “the immediate and permanent termination of military operations on all fronts, including in Lebanon.”
Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in…
— Shehbaz Sharif (@CMShehbaz) June 14, 2026
Read: Trump announces completion of Iran deal, removes US blockade of Strait of Hormuz
Lebanon has been a sticking point in negotiations, with Israel and Hezbollah ignoring calls from Trump and others to stop their attacks on each other in recent weeks.
In a statement, the secretariat of Iran’s Supreme National Security Council said war and military operations on all fronts, including Lebanon, would end permanently starting on Monday night.
Iran’s deputy foreign minister, Kazem Gharibabadi, said a more expansive agreement would be negotiated during a 60-day ceasefire period, including sanctions relief for Iran.
The fate of Iran’s nuclear program will also be addressed in those later talks, sources previously told Reuters.
There was no immediate reaction to the announcement from Israel, which has said it was not party to the US-Iran talks.
Key provisions in Iran-US draft memorandum of understanding according to Iranian media
Iranian media published details Monday of a 14-point draft memorandum of understanding between Iran and the US laying out a proposed framework to end the war and move toward a final agreement.
The semi-official Mehr News Agency said the draft calls for an immediate and permanent halt to the war on all fronts, including Lebanon, the lifting of the US naval blockade against Iran, the reopening of the Strait of Hormuz and a 60-day negotiation period covering nuclear issues and sanctions relief.
The reported draft comes after Iran said the memorandum of understanding had been finalised and would be formally signed Friday in Geneva.
End of war, US commitments
According to Mehr, the draft calls for an immediate and permanent end to the war on all fronts, including Lebanon.
It also includes a US commitment not to interfere in Iran’s internal affairs and to respect the sovereignty of the Islamic Republic.
The draft further requires the US to withdraw its forces from around Iran and refrain from deploying additional troops to the region or imposing new sanctions during the negotiation period.
Hormuz reopening, blockade lifting
The draft provides for the full lifting of the US naval blockade against Iran within 30 days.
It also calls for reopening the Strait of Hormuz within 30 days under Iranian arrangements.
Mehr said the draft includes a monitoring mechanism to oversee implementation of the agreement.
Sanctions relief, frozen assets
The draft provides for the suspension of sanctions on Iranian oil sales, petrochemical products and derivatives while granting Tehran full access to the financial proceeds.
It also calls for the release of $24 billion in frozen Iranian assets during the 60-day negotiations period, with half of the amount to be made available to Iran before the start of final talks.
According to the draft reported by Mehr, the final agreement would include the full lifting of US primary and secondary sanctions as well as the termination of relevant UN Security Council and International Atomic Energy Agency Board of Governors resolutions.
Nuclear talks, Iranian red lines
The draft sets a 60-day negotiation period to reach a final agreement focused on nuclear issues and sanctions relief.
It says Iran would reiterate its commitment under the Nuclear Non-Proliferation Treaty (NPT) not to produce nuclear weapons.
Mehr said the final negotiations would focus only on the fate of enriched material and enrichment activities, sanctions relief and the reconstruction of Iran’s economy.
The report added that Iran’s missile program and support for resistance groups were “definitively” excluded from the final negotiation agenda.
Reconstruction plans, final agreement
The draft requires the US and its allies to present reconstruction plans for Iran worth at least $300 billion.
It also says the final agreement would be endorsed through a UN Security Council resolution.
Mehr reported that final negotiations would not begin before half of Iran’s frozen assets are released, sanctions on Iranian oil are suspended and the naval blockade is lifted.
Last-minute changes
Separately, Tasnim News Agency, citing an informed source, said late changes were introduced to the draft during the final hours of negotiations, including provisions related to administration of the Strait of Hormuz.
The source added that guarantees related to Lebanon’s sovereignty and territorial integrity were also included at the final stage and played a role in Iran not carrying out a planned response to Israeli strikes on Beirut’s southern suburbs.
Strait to reopen
Trump said the Strait of Hormuz, a major shipping route for global oil and gas supplies that Iran has effectively shut down for months, would open on Friday, and that he had ordered the end of the US blockade of Iranian ports.
“Ships of the World, start your engines. Let the oil flow!” Trump wrote, along with “oil will flow on both ends again for the Region, and the World!”
Oil prices fell on the news. Brent crude futures fell 4% in early trading on Monday, while US West Texas Intermediate slid more than 4.6%. Stock markets in Asia jumped.
Former Biden administration State Department spokesperson Matthew Miller said Trump had made important concessions to Iran to achieve the status quo that existed before he launched the war.
“We have no assurances the nuclear program will ever be addressed, but Iran has shown the world it can take the global economy hostage and get something from the US in return,” said Miller.
Thousands of people have been killed, mostly in Iran and Lebanon, since US and Israeli forces first attacked Iran on February 28. Iran has struck Israel and Gulf states hosting US bases and has effectively blockaded the Strait of Hormuz, pushing up global energy prices. US forces have blocked Iranian ports in response.
Read more: UN Chief condemns new Israeli strikes on Lebanon
The Iran war has become a political liability at home for Trump and his fellow Republicans in Congress, with public opinion polls showing Americans deeply frustrated by rising gas prices ahead of November’s midterm elections. But Trump has also faced pressure from members of his own party who insist that Iran’s nuclear program must be completely shut down.
Republican Senator Lindsey Graham, a leading Iran hawk, praised the deal but said he would be “watching closely” the coming negotiations on Iran’s nuclear program.
“Under our law, any nuclear deal with Iran will be sent to Congress for review and a vote,” he said. “Congratulations to all in getting us to this point.”
During his first term, Trump withdrew the US from a 2015 multilateral Iran deal, negotiated by Democratic President Barack Obama, that lifted sanctions on Tehran in exchange for limits on its nuclear program, including international inspections.
Iran responded by ramping up its enrichment of uranium, producing more than 400 kg (around 900 pounds) of material at close to bomb-grade purity. The eventual fate of that uranium is likely to be a key negotiating point during the upcoming talks.
‘A very difficult guy’
The agreement was sealed despite an Israeli strike on Lebanon on Sunday that had blowback from both Iran and Trump.
Israeli Prime Minister Benjamin Netanyahu has differed with Trump over American demands that Israel curb its military action in Lebanon to allow the United States to reach a deal with Iran.
Israel has said it will retain freedom of operations in Lebanon, while Iran has made a full ceasefire there an important component of its demands.
Trump updated Netanyahu on the progress toward a peace deal during a phone call on Sunday, Israel’s N12 reported, citing a senior official.
In an interview with the New York Times, Trump called Netanyahu “a very difficult guy” and argued the Israeli leader should thank him for saving Israel from a nuclear-armed Iran.
Leaders outside the Middle East, who have kept a wary eye on the conflict, welcomed the announcement.
In a joint statement, the United Kingdom, Germany, France and Italy said they were prepared to lift sanctions on Iran in response to “clear, verifiable steps” to limit its nuclear program.
“We are clear that toll-free freedom of navigation must now be restored in the Strait of Hormuz,” British Prime Minister Keir Starmer said. “Iran must never have a nuclear weapon.”
Before the deal was announced, a senior Iranian official told Reuters that, under the terms of the draft, the United States would agree to release $25 billion of frozen Iranian assets. The Trump administration has previously said any release of Iranian money would only take place once Iran has fulfilled certain conditions under a peace deal.
A US official, also speaking before the announcement, said the agreement would ultimately lead to the dismantling of Iran’s nuclear program, with its stockpile of highly enriched uranium to be destroyed and removed. The senior Iranian official said the draft deal would allow Iran, which denies seeking a nuclear bomb, to dilute its enriched uranium inside the country.