Details of Draft 'Islamabad Understanding' Disclosed Between Tehran and Washington
Iranian state broadcaster IRIB published details on May 31, 2026, of a draft informal memorandum of understanding between Iran and the United States. Known as the 'Islamabad understanding,' the document proposes specific security arrangements for the Strait of Hormuz and a mechanism for the release of frozen Iranian assets. While not yet finalized, the disclosure indicates a diplomatic push to extend the current fragile ceasefire and prevent a return to full-scale naval warfare.