
June 14, 2026
The United States and Iran have confirmed that negotiators have reached a draft framework agreement aimed at ending more than three months of conflict and opening a new phase of negotiations on sanctions, regional security, and Iran's nuclear program. While U.S. officials have described the agreement as effectively complete, Iranian officials have indicated that final approval and implementation details remain under review.
President Donald Trump announced that an agreement had been reached and stated that the Strait of Hormuz would reopen under its terms. Trump said the agreement would lead to a halt in hostilities and begin a new negotiating process focused on Iran's nuclear activities and broader regional issues.
Iranian officials have confirmed the existence of a draft memorandum of understanding. According to Reuters, a senior Iranian official said the draft includes reopening the Strait of Hormuz to commercial shipping, a freeze on new U.S. sanctions, a future process for lifting existing sanctions, temporary waivers on oil sanctions, and the release of approximately $25 billion in frozen Iranian assets.
The same Iranian official said Tehran would commit to neither producing nor acquiring nuclear weapons and would freeze further advancement of its nuclear program while negotiations continue. Future talks would address enriched uranium stockpiles, nuclear infrastructure, and verification measures.
Iranian Foreign Minister Abbas Araghchi has publicly stated that an agreement has "never been closer" and has confirmed that a memorandum of understanding is expected to be signed before broader negotiations begin. However, Iranian officials have also stressed that implementation details remain under discussion and that the framework should not yet be viewed as a final comprehensive agreement.
According to reports from Reuters and other outlets, the draft framework would establish a 60 day negotiating period following the signing of the memorandum. During that period, the parties would attempt to resolve major outstanding issues, including sanctions relief, frozen assets, Iran's nuclear program, and long term security arrangements.
Pakistan and Qatar played key roles in facilitating communications between Washington and Tehran. Pakistani Prime Minister Shehbaz Sharif announced that a formal agreement is expected to be signed following additional technical discussions and described the parties as being closer to a final settlement than at any previous point in the negotiations.
Several significant issues remain unresolved. Public reporting indicates that negotiations are continuing over the timing of sanctions relief, the release of frozen Iranian funds, the disposition of enriched uranium stockpiles, and the verification mechanisms that would govern any future nuclear agreement.
Although both governments have acknowledged substantial progress, current public statements indicate that the parties have reached a draft framework rather than a fully implemented final agreement. Additional negotiations and formal approvals are expected in the coming days.
SMF News will continue monitoring developments as further details become available.



