The 60-day Memorandum of Understanding (MoU) signed on June 17 between the US and Iran expired without a mutual agreement on an extension or a finalized permanent peace deal.
Core Elements of the MoU
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Initial Agreement: Signed by US President Donald Trump and Iranian President Masoud Pezeshkian, the 14-point MoU called for an immediate termination of military hostilities—including in Lebanon—and prohibited further use of force.
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US Commitments: The agreement outlined a pathway toward lifting US sanctions, unlocking frozen Iranian assets, ending the naval blockade, and contributing to a $300 billion development package for Iran.
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Iranian Commitments: Iran agreed to clear mines from the Strait of Hormuz, ensure free passage of commercial shipping for 60 days, and maintain its commitment against developing nuclear weapons.
Breakdown and Expiration
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Violations and Suspension: Disagreements over interpretation and execution surfaced immediately. By early July, both sides accused each other of violating Article 1 during military exchanges over the Strait of Hormuz. Trump declared the agreement “over,” while Iranian Foreign Minister Seyed Abbas Araghchi stated Iran suspended its commitments in response to US violations.
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Current Status: Although active exchanges of fire subsided in late July, diplomatic progress remains stalled. Araghchi confirmed that while indirect messages continue via regional mediators, formal negotiations have not resumed.
Meanwhile, parallel discussions between Iran and Oman regarding a temporary shipping route through the Strait of Hormuz remain ongoing, though Tehran maintains that reopening the corridor depends on US compliance with key conditions.
