Underneath the MOU, an preliminary 60-day negotiation interval, which may be prolonged, will start as soon as the preliminary settlement is signed.
Printed On 17 Jun 2026
Iran’s Overseas Ministry has mentioned that the signing of a memorandum of understanding in Switzerland, anticipated to happen on Friday, may happen within the presence of President Masoud Pezeshkian and Donald Trump.
Beforehand, Iran had mentioned that Washington and Tehran can be represented by Vice President JD Vance and Parliament Speaker and prime negotiator Mohammad Bagher Ghalibaf, respectively.
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On Wednesday, ministry spokesperson Esmaeil Baghaei advised reporters that Iran’s plans “for the Swiss summit haven’t modified”.
“Relating to the style of signing the memorandum of understanding, one of many concepts is for it to be performed by the presidents of the 2 international locations, which is presently being thought-about,” he added.
Talking on the G7 summit in France earlier, Trump mentioned he anticipated the settlement with Iran to be signed “shortly” with out specifying the precise date.
“The deal we reached with Iran on Sunday can be signed shortly, tomorrow [Thursday], possibly the subsequent day [Friday],” Trump advised a information convention after earlier bulletins that it might be signed on Friday in Switzerland.
Hormuz to be ‘restored to regular’
In a press release, Baghaei added that maritime site visitors within the Strait of Hormuz can be restored to regular inside an outlined timeframe, whereas insisting that exterior powers could have no function within the course of and that managing that course of can be dealt with by Iran alone.
“That is our personal job, and we alone will do it, and there can be no want for participation or intervention from different events,” he acknowledged.
“Iran and Oman will cooperate to develop a mechanism for managing the Strait of Hormuz, and we’ll change views with different international locations within the area wherever needed.
He mentioned that Iran and the US agreed to “negotiate a remaining settlement inside 60 days”, including that the naval blockade “should finish inside 30 days.
A senior US official, briefing reporters on Wednesday, mentioned the MOU establishes a brand new “minimal” threshold for downblending Iran’s inventory of extremely enriched uranium and accommodates measures aimed toward safeguarding Lebanon’s “territorial integrity” following Israel’s newest strikes on Hezbollah contained in the nation.
In change, Washington would transfer to waive, although not absolutely carry, a few of its broad sanctions on Iran as soon as the settlement is signed.
The US-drafted textual content additionally ensures toll-free transit by the Strait of Hormuz for a interval of simply 60 days, and leaves open the likelihood that transit charges may very well be imposed later, the official added on situation of anonymity.
