# US and Iran Negotiate Potential Memorandum to End Gulf Conflict

**Published:** 2026-06-12T11:18:10.803Z  
**Topic:** US Dollar  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/ba205c7b-6eb1-4370-85e9-ac8e2c16fd4c

The US and Iran are working toward a memorandum of understanding to halt regional conflict, though reports of a Sunday signing in Geneva remain unconfirmed.

The United States and Iran have signaled that a peace agreement to end their ongoing conflict is nearing completion, with officials from both nations and mediators confirming that a final text is under review [1, 2]. While reports have suggested a memorandum could be signed as soon as Sunday in Geneva, Iranian officials have denied that a specific date or location has been finalized [1].

**Key takeaways**
* Pakistan Prime Minister Shehbaz Sharif stated that a final agreed-upon text for the peace deal has been reached [1, 2].
* President Donald Trump disputed leaked reports regarding the deal's terms, labeling them inaccurate and unrelated to the written agreement [1, 2].
* Iran’s foreign ministry confirmed that its leadership is currently reviewing the proposed memorandum [1, 2].
* A senior US official stated the deal includes provisions for the reopening of the Strait of Hormuz and the removal of enriched nuclear material [2].
* Iran has reportedly insisted that any final agreement must include a cessation of hostilities in Lebanon [1, 2].

## Status of the Proposed Memorandum
Negotiations have been marked by conflicting reports regarding the specific terms of the proposed memorandum of understanding. While various sources, including those from Pakistan and Iran, have described a deal that would provide Tehran with significant sanctions relief and access to billions in unfrozen assets, President Trump has publicly rejected these accounts [1, 2]. Trump asserted on social media that the leaked terms bear no relation to the actual written agreement, though he did not specify which details were incorrect [1, 2]. 

Despite the progress reported by mediators, the situation remains fluid. Iran’s NoorNews cited an informed source denying that a signing ceremony is scheduled for Sunday in Geneva [1]. Furthermore, Iranian Foreign Minister Seyed Abbas Araghchi has urged media outlets to avoid speculation, noting that official details will be released only after the review process is complete [1]. Meanwhile, the US and Iran continue to navigate complex regional demands, including Iran's requirement that the deal address the ongoing conflict in Lebanon and the future administration of the Strait of Hormuz [1, 2].

## Why it matters
The potential agreement carries significant weight for global economic stability, as the conflict has already impacted international markets and raised concerns about global growth [1]. US Treasury yields have risen as investors monitor the negotiations, and oil prices recently experienced a sharp decline of over 3% amid hopes that a deal could ease supply fears [1]. Looking ahead, the implementation of any agreement faces scrutiny from regional stakeholders; for instance, Israeli officials have emphasized that any understanding must address core security concerns regarding Iran’s nuclear program and missile capabilities [1]. Vice President JD Vance also clarified that any economic benefits for Iran would be strictly tied to the fulfillment of its obligations under a potential deal [1].

## Sources
1. The Financial Express — [Iran, US-Israel war LIVE updates: Confusion clouds US-Iran peace deal as both sides reject breakthrough claims; Pak says final text ‘agreed’](https://www.financialexpress.com/world-news/iran-us-israel-war-live-updates-trump-hormuz-deal-oil-price-today-military-strikes-uae-lebanon/4264318/)
2. RTÉ Ireland — [US and Iran signal deal to end war is close](https://www.rte.ie/news/middle-east/2026/0612/1578042-us-iran-trump/)

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Cite as: TrendWatcher, "US and Iran Negotiate Potential Memorandum to End Gulf Conflict", https://www.trendwatcher.in/article/ba205c7b-6eb1-4370-85e9-ac8e2c16fd4c