US-Iran Memorandum of Understanding: Strait of Hormuz Shipping Increases (warontherocks.com)

• Trump and Pezeshkian signed a memorandum of understanding on June 17, 2026, mediated by Pakistan and Qatar.
• Shipping through the Strait of Hormuz is increasing, oil prices are down; U.S. grants 60-day waiver on Iranian oil sales.
• Key unresolved issues: frozen assets, nuclear inspections, strait navigation; technical talks resume late June.

"On June 17, 2026, U.S. President Donald Trump and Iranian President Masoud Pezeshkian separately signed a memorandum of understanding, ending hostilities. Mediated by Pakistan and Qatar, the agreement has yielded early returns: shipping through the Strait of Hormuz is rising, oil prices are falling, and Washington has issued a 60-day waiver on Iranian oil and petrochemical sales. But diverging claims on nearly every point the two sides spent weeks litigating underscore the long and uncertain road ahead. Technical teams are due to reconvene at the end of June."