Iran’s Foreign Minister Abbas Araghchi has shared fresh details about a possible agreement between Iran and the United States, raising hopes that the ongoing conflict could soon come to an end. The proposed deal, being called the “Islamabad Memorandum of Understanding,” could be finalised within days if both sides agree on the initial framework.
According to Araghchi, the agreement is designed as a starting point rather than a final solution. He explained that the deal would first focus on ending hostilities and building trust, while more complex issues would be addressed later. One of the biggest decisions is to delay discussions on Iran’s nuclear programme, which will be taken up in a second phase expected to last around 60 days. This suggests that the success of the first phase is critical for any long-term resolution.
Why is the nuclear issue being delayed?
Araghchi said the current situation is not suitable for meaningful talks on nuclear matters. By postponing this sensitive topic, both sides aim to secure immediate peace first and then move towards deeper negotiations. However, this also means that if the initial deal fails, nuclear talks may never begin.
What will change in the Strait of Hormuz?
The Strait of Hormuz, a key global oil route, will not return to its pre-war conditions. Araghchi indicated that a new system for maritime security and traffic will be introduced. Iran has also promised to ensure safe passage for ships, signalling a major shift in its role in the region.
How important is sovereignty in the deal?
A major highlight of the proposed agreement is mutual respect for sovereignty. Araghchi said the United States has, for the first time in decades, agreed in writing not to interfere in Iran’s internal affairs. In return, Iran will also make a similar commitment, creating what he described as a relationship based on equality.
Another key part of the deal involves Iran’s frozen overseas funds. A mechanism has reportedly been worked out to release these assets, which could help boost the country’s economy.
First published on: Jun 13, 2026 06:50 AM IST
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