US and Iran to sign memorandum of understanding on ceasefire
President Donald Trump announced that a preliminary memorandum of understanding between the United States and Iran is scheduled for signature on June 19 at Bürgenstock, Switzerland. The agreement mandates an immediate end to hostilities across all fronts, including Lebanon, and requires Iran to commit to never pursuing nuclear weapons. In exchange, the United States will lift naval blockades and implement a roadmap for the removal of energy and economic sanctions, including access to a 300 billion dollar development fund. Trump emphasized that the current text is not a final settlement, warning that military action could resume if the agreement fails to meet US expectations or if Iran does not behave. The ceremony is expected to be attended by Iranian parliamentary speaker Mohammad Bagher Ghalibaf and US Vice President J.D. Vance. Negotiations for a definitive deal are slated to last for 60 days following the signing, with key issues like uranium enrichment levels to be addressed during this period. While the US claims the deal will stabilize regional markets, the specific status of the Strait of Hormuz remains a point of ambiguity in the disclosed draft.