On June 18, Iranian Foreign Ministry Spokesman Esmaeil Baghaei announced that Tehran is considering a plan for President Masoud Pezeshkian and US President Donald Trump to jointly sign a memorandum of understanding (MOU) expected to take place in Switzerland. Earlier, Iran had indicated that US Vice President JD Vance and Iranian Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf would represent the two sides.
Baghaei affirmed that Iran's plans for the summit in Switzerland remain unchanged, stating: “Regarding the signing method, one of the proposals is for it to be carried out by the presidents of both countries, and this idea is under consideration.”
Speaking at the G7 Summit in France, President Trump said he expects the agreement with Iran to be signed “shortly” without specifying a date. “The agreement we reached with Iran on Sunday will be signed soon, possibly on Thursday or Friday,” Trump told reporters.
On the issue of the Strait of Hormuz, Baghaei declared that maritime traffic there will be restored to normal within a specific timeframe, emphasizing that Iran will manage the process itself without external participation or interference. “Iran and Oman will cooperate to establish a governance mechanism for the Strait of Hormuz, and we will exchange views with regional countries when necessary,” he said.
Baghaei also noted that Iran and the US have agreed to “negotiate a final agreement within 60 days” and that the naval blockade “must end within 30 days.” A senior unnamed US official said the MOU sets a new “minimum” threshold for diluting Iran’s highly enriched uranium, while also including measures to protect the “territorial integrity” of Lebanon following Israeli strikes against Hezbollah. In return, Washington will lift, though not entirely, some broad sanctions on Iran immediately after the agreement is signed. The US-drafted text also guarantees the right of free transit through the Strait of Hormuz for 60 days and leaves open the possibility of imposing transit fees thereafter.
