US-Iran memorandum opens 60-day talks, but Hormuz shipping remains unsettled

Published by Albis · 18 Jun 2026

A U.S.-Iran memorandum lays out a path toward ending the war, reopening the Strait of Hormuz and negotiating nuclear issues, while shipping firms wait for clarity and security guarantees before normal operations resume

• • A live corridor reopening changes war risk, shipping access, and energy security across the Gulf far more than secondary market commentary.
• • President Donald Trump and Iranian President Masoud Pezeshkian have signed a memorandum of understanding that lays out terms for ending the war and reopening the Strait of Hormuz.
• • The interim agreement starts a 60-day negotiating window over unresolved issues around Iran’s nuclear program.
• • NBC reported that Trump signed the memorandum late Wednesday at the Palace of Versailles, in video published by French President Emmanuel Macron.