United States and Iran Sign Memorandum of Understanding, Launching the Framework for Broader Negotiations [WATCH]

The United States and Iran have formally signed a Memorandum of Understanding (MOU) through a remote process, putting a preliminary agreement into effect ahead of a planned in-person signing ceremony later this week in Switzerland, as reported by Trending Politics News.

According to two U.S. officials, the agreement was signed remotely on June 17, 2026.

While negotiators are still expected to participate in a formal signing ceremony on Friday, the remote execution means the framework agreement is now officially in effect.

Discussions had previously focused on whether the signing would occur electronically before negotiators met in Switzerland.

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U.S. officials confirmed that the remote signing was completed Wednesday, while the planned ceremony remains on schedule, according to reports.

Iranian officials have also continued referencing Friday’s timeline for an in-person event expected to take place in Geneva or another Swiss location.

President Donald Trump, who was attending the Group of Seven summit in France, indicated that discussions remained ongoing and suggested flexibility regarding his personal attendance at the signing ceremony.

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The memorandum establishes a 14-point framework designed to extend the existing ceasefire, reopen the Strait of Hormuz, and begin negotiations toward a comprehensive final agreement.

Under the terms outlined in the framework, negotiators will work toward a final deal within 60 days. The agreement allows that timeline to be extended if both parties consent.

The MOU calls for the immediate and permanent termination of military operations on all fronts, including Lebanon. Both sides also commit not to initiate new military operations or use force while respecting Lebanon’s sovereignty and territorial integrity.

One of the central components of the agreement addresses maritime traffic in the Persian Gulf.

The United States commits to immediately beginning the process of lifting its naval blockade and fully ending it within 30 days.

The framework also calls for restoring proportional vessel traffic and provides that U.S. forces would withdraw from proximity to Iran within 30 days of a final agreement.

Iran, in turn, commits to ensuring safe passage for commercial vessels through the Strait of Hormuz without tolls for an initial 60-day period. Full restoration of shipping traffic is targeted within 30 days after technical and military obstacles are addressed.

The memorandum also outlines significant economic provisions.

According to the framework, the United States and Iran, working alongside regional partners, will develop a plan for at least $300 billion in reconstruction and economic development projects in Iran.

Any implementation would remain subject to licenses and waivers issued by the United States, with final mechanisms to be negotiated as part of a comprehensive agreement.

The MOU further states that the United States intends to terminate sanctions under an agreed timetable as part of a final deal.

This would include sanctions connected to United Nations Security Council resolutions, International Atomic Energy Agency measures, and both primary and secondary U.S. sanctions.

On the nuclear front, Iran would reaffirm that it will not procure or develop nuclear weapons.

The agreement also calls for arrangements regarding Iran’s enriched nuclear material stockpile, including on-site downblending under International Atomic Energy Agency supervision.

Additional details involving nuclear enrichment and related programs are expected to be addressed during final negotiations.

The framework also provides for immediate Treasury Department waivers covering Iranian crude oil, petroleum products, derivatives, and related banking, transportation, and insurance services until sanctions are formally terminated.

In addition, the United States would make frozen or restricted Iranian funds available under procedures to be negotiated during the upcoming talks.

U.S. officials emphasized that the memorandum is performance-based and that the benefits outlined for Iran are contingent upon compliance with its commitments.

The agreement does not constitute a final settlement, and both countries retain the option to withdraw from negotiations before reaching a binding final accord.

U.S. officials also stressed that the United States remains prepared to resume military action if Iran fails to meet the obligations outlined in the framework.

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