Vance says US, Iran ‘already signed the deal digitally’ Sunday; hopes to release text this week
Vice President JD Vance said the 1.5-page memorandum starts 60 days of technical talks as the administration plans to release the text this week.
- On Sunday, President Donald Trump, Vice President J.D. Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf electronically signed a 14-point memorandum of understanding, initiating a 60-day negotiation period to address Iran's nuclear program and reopen the Strait of Hormuz.
- The February 28 war between the U.S.-Israel coalition and Iran prompted escalating tensions; Tehran's subsequent blockade of the Strait of Hormuz strained global energy supplies and accelerated regional inflation to 4.2 percent.
- Administration officials state Iran agreed to maintain its nuclear status quo while committing to discuss uranium dilution; Vance noted potential reconstruction funds remain conditional upon verified compliance with all obligations.
- Israeli Prime Minister Benjamin Netanyahu denounced the framework as problematic for Israel's security. Analysts warn ongoing fighting in Lebanon between Israel and Hezbollah could destabilize the deal, as neither party is included in the agreement.
- The memorandum initiates a 60-day clock for technical talks to resolve Iran's nuclear stockpile status and sanctions relief, with a formal signing ceremony scheduled for Friday in Geneva, Switzerland.
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657 Articles
Video. Timelapse video shows ships moving through the Strait of Hormuz since reopening
Video. A timelapse shows vessels moving through the Strait of Hormuz after the US and Iran signed an agreement ending their conflict and reopening one of the world's most important shipping routes.
The Conversation
Phil's Stock WorldThe Strait of Hormuz is reopening, but global shipping won’t return to normal for months
A peace deal has reopened the Strait of Hormuz, but insurance premiums, mine clearance and a container shortage across two continents suggest the disruption is far from over.
Strait of Hormuz First, Uranium Later?
Strait of Hormuz First, Uranium Later? acabral-sanche… Thu, 06/18/2026 - 11:47 SVG In the Media Jun 18, 2026 Fox News Strait of Hormuz First, Uranium Later? Rebeccah L. Heinrichs Senior Fellow and Director, Keystone Defense Initiative Rebeccah L. Heinrichs In the Media Caption (Screenshot via Fox News) Toggle Table of Contents Contents Contents Share to Twitter Twitter Share to Facebook Facebook Share to LinkedIn LinkedIn Share to E-…
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