US and Iran sign de-escalation memorandum, negotiations underway (osw.waw.pl)

• US and Iran signed memorandum on June 17 after mediation by Pakistan and Qatar.
• 14-point document includes ceasefire, Hormuz reopening, sanctions relief, $300 billion reconstruction.
• First round of talks in Switzerland on June 21-22 led by Vance and Ghalibaf.
• Israel's operations in Lebanon remain a major obstacle.
• Both sides maintain readiness to resume conflict if talks fail.

"On June 17, US President Trump and Iranian President Pezeshkian separately signed a 14-point memorandum drafted by Pakistan and Qatar to de-escalate the US-Iran conflict and set a 60-day framework for comprehensive settlement. The first round of bilateral talks was held in Switzerland on June 21-22. The memorandum includes ceasefire, reopening of the Strait of Hormuz, lifting of sanctions, and a $300 billion reconstruction plan for Iran. However, deep mutual distrust, hardline negotiating positions, and Israel’s opposition to the process pose significant challenges."