U.S. and Iran move toward potential memorandum to end conflict
The United States and Iran are in the final stages of negotiating a memorandum of understanding aimed at ending military hostilities in the Middle East, including conflicts in Lebanon and the Gulf region. High-level sources suggest the document could be signed as early as Sunday in Geneva, just days before the G7 summit in Evian, France, scheduled for June 15-17, 2026. While Iranian agencies like IRNA report terms including the release of $24 billion in frozen assets and a 60-day window for nuclear talks, U.S. President Donald Trump has publicly rejected reports of the agreement's terms, calling them dishonest and inaccurate. The proposed deal reportedly seeks to address maritime navigation in the Strait of Hormuz, though Iran maintains it will not relinquish control of the waterway. Israeli Prime Minister Benjamin Netanyahu has expressed alignment with the U.S. regarding the prevention of Iranian nuclear weapons, asserting that his country remains a key stakeholder. Tensions persist following reports of an alleged drone attack on Indian vessels near the Strait of Hormuz, which President Trump described as unacceptable. Both sides differ significantly on the specifics, with Iranian state media insisting the draft protects their rights to uranium enrichment.