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Observation
U.S. and Iranian officials said on June 14–15, 2026 that they had agreed a preliminary framework — a memorandum of understanding (MoU) — to halt more than three months of fighting and reopen the Strait of Hormuz, with a formal signing expected on Friday, June 19. Public statements pointed to a 60‑day negotiation window after signing, while the full text was not released. Pakistan’s Prime Minister Shehbaz Sharif flagged the Friday signing, and Iran’s deputy foreign minister Kazem Gharibabadi told Iranian media the MoU text had been finalized. Oil fell about 4–5% to a three‑month low on the headlines. (apnews.com)
