United States and Iran Reach Tentative Peace Memorandum in Islamabad
On June 23, 2026, the United States and Iran announced a tentative Memorandum of Understanding aimed at ending hostilities in West Asia. Brokered in Pakistan, the agreement includes a 60-day ceasefire and the reopening of the strategic Strait of Hormuz to commercial shipping. While global markets reacted positively, tensions persisted as Tehran's foreign ministry denied U.S. claims regarding immediate IAEA access to Iranian nuclear sites targeted in previous months of conflict.