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After 116 days of conflict, airstrikes, and blockade over blockade around the Strait of Hormuz, the U.S and Iran have finally agreed to end the ongoing war on all fronts. Both have reached a memorandum of understanding to end the conflict that began on February 28, 2026.
Here are the key terms reportedly included in the US-Iran peace deal memorandum.
What’s Inside The US-Iran Peace Deal
According to the terms of the memorandum of understanding (MOU), both sides have agreed to an immediate halt in military activity across multiple fronts, including Lebanon.
The agreement reportedly includes,
Iran to reopen the Strait of Hormuz within 30 days.Lifting the U.S. naval blockade on Iranian ports.Releasing $24 billion in frozen Iranian assets, while providing an initial $12 billion before formal negotiations begin.Suspending all the U.S. sanctions on Iranian Oil & Petrochemicals exports. Launching a 60-day negotiation period focused on Iran’s nuclear program.No deployment of the U.S. military forces in the Iranian region.
A final signing is reportedly planned for June 19 in Geneva, with U.S. Vice President JD Vance expected to attend.
US and Iran Begin 60-Day Nuclear Negotiations
Notably, the next round of talks will focus mainly on Iran’s nuclear program and possible sanctions relief, with both sides entering a 60-day negotiation period.
Meanwhile, discussions about Iran’s missile program and support for regional armed groups have been dropped from the agenda
Following news of the peace deal, both the stock and crypto markets showed signs of relief. Bitcoin jumped back to its highest level in two weeks and is now trading around $65,763.
Will Israel Sabotage the U.S – Iran Peace Deal?
While everyone seems to welcome the announcement, the biggest challenge may come from Israel.
Israeli officials have already stated that they are not bound by the U.S.-Iran agreement regarding Hezbollah or military operations in southern Lebanon.
Israel’s defense minister also stated that Israeli forces would not immediately withdraw from areas currently under military control.
That means the ceasefire framework may reduce tensions between Washington and Tehran, but it does not guarantee stability across the wider region. The deal has delivered relief, but whether it delivers lasting peace remains an open question.
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