Key Takeaways
- Iranian officials have confirmed that a final decision regarding a framework agreement with Washington is still under review, contradicting U.S. assertions of an immediate signing.
- U.S. President Donald Trump announced that the deal is scheduled to be signed on Sunday, June 14, a date that coincides with his 80th birthday.
- The proposed memorandum of understanding (MoU) reportedly includes the immediate reopening of the Strait of Hormuz, a critical maritime artery for 20% of global oil supply.
- The agreement outlines a 60-day negotiating window during which Iran would receive access to $24 billion in frozen assets in exchange for a pause in nuclear enrichment and hostilities.
Iranian state media reported on Sunday that the government's final decision regarding a proposed framework agreement with the United States remains under internal review. While U.S. President Donald Trump and mediators from Pakistan have signaled that a virtual signing ceremony could occur as early as today, Tehran has pushed back on the timeline, stating that an exact date has yet to be finalized.
The draft agreement, described as a two-page memorandum of understanding, aims to establish a temporary ceasefire and stabilize global energy markets following months of military escalation. A central pillar of the deal is the reopening of the Strait of Hormuz, which has been largely blocked since the conflict began in February 2026. Market analysts suggest that a successful reopening could lead to a significant cooling of global oil prices, which have remained volatile throughout the hostilities.
Under the reported 14-point draft, the United States would lift its naval blockade on Iranian ports and allow for the release of $24 billion in frozen Iranian assets. In return, Iran would commit to a 60-day suspension of hostilities and enter formal negotiations regarding its nuclear program and the destruction of its highly enriched uranium stockpile. The diplomatic opening comes amid intense domestic pressure in Tehran, where hardline protesters have gathered to denounce any perceived concessions to Washington.
Despite the optimism from the White House, significant hurdles remain. Israeli Prime Minister Benjamin Netanyahu has stated that Israel is not a party to the memorandum, though it supports the objective of dismantling Iran's nuclear infrastructure. Furthermore, Iranian Foreign Ministry spokesperson Esmaeil Baghaei emphasized that while a deal "has never been closer," the text still requires final approval from the highest levels of the Iranian leadership before any formal commitment is made.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.