HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Iran says no final decision made on possible US agreement

Created at 11 Jun · 8:57 PM4 sources↑ Market-relevant4 events
IN SHORT

Iran has stated that no final decision has been made regarding a potential agreement with the United States, emphasizing it will not compromise on its "red lines." Reports regarding the timing and place of signing an agreement were called speculative, with the White House describing a purported draft memorandum as a "complete fabrication."

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

60 daysceasefire extension duration
30 daysIran's timeframe to remove mines
14-pointmemorandum of understanding draft
26Israeli military deaths since March 2

Who's Involved

Esmaeil Baghaei
Iranian Foreign Ministry spokesperson
JD Vance
US Vice-President
Donald Trump
US President
Benjamin Netanyahu
Israel's Prime Minister
Yisrael Katz
Israel Defense Minister
Joseph Aoun
Lebanon's President
Iran says no final decision made on possible US agreement

↳ Why This Matters

The ongoing diplomatic efforts and conflicting statements between Iran and the US highlight the delicate geopolitical situation in the Middle East and its potential impact on global energy markets and regional stability.

Key facts

  • Iran states no final decision has been made on a potential US agreement.
  • Iran will not compromise on its "red lines" in negotiations.
  • Reports about the timing and location of a signing were called speculative.
  • US officials indicated a framework for a deal had been agreed, pending approval.
  • The White House described a purported draft memorandum as a "complete fabrication."
  • Iran's state media reported Tehran would not give up control over the Strait of Hormuz under a draft agreement.

Iran has stated that no final decision has been made regarding a potential agreement with the United States, emphasizing that it will not compromise on its "red lines" during negotiations. Foreign Ministry spokesperson Esmaeil Baghaei dismissed reports about the timing and location of a signing as speculative, according to Iran's IRNA news agency.

Earlier reports from US officials suggested that a framework for a deal, known as a memorandum of understanding, had been agreed upon, pending approval from President Donald Trump and Iranian leadership. This framework reportedly includes extending a ceasefire for 60 days and initiating discussions on Iran's nuclear program. The agreement could also permit unrestricted passage through the Strait of Hormuz and allow Iran to resume oil sales through sanction waivers. However, the White House has labeled a purported draft memorandum as a "complete fabrication."

Vice President JD Vance acknowledged that negotiators were still working on specific language points, particularly concerning enrichment, but expressed optimism about reaching an agreement. He noted that the US believes Iran is negotiating in "good faith." Despite these statements, conflicting reports from both countries highlight the fluid nature of the negotiations, with both sides warning that a return to combat operations remains a possibility.

Iran's foreign ministry has accused the United States of continuing to violate the ceasefire, citing US strikes on a southern port. The ministry stated that a lack of trust, consistent changes in the US position, and Israeli actions in Lebanon are delaying diplomatic efforts to extend the ceasefire, asserting that a ceasefire in Lebanon is an essential condition for any deal to end the war. Meanwhile, the Israeli army announced the death of a soldier in southern Lebanon, bringing the total number of Israeli military deaths to 26 since early March. Lebanon's President Joseph Aoun condemned the Israeli offensive against Hezbollah.

The Iranian government has rejected pressure regarding the finalization of the US Memorandum of Understanding (MoU), citing Iranian state-aligned Tasnim and Mehr news agencies. Governing institutions must conduct a final review of the draft agreement prior to its confirmation. According to Tasnim news, the draft memorandum requires the US to lift secondary sanctions, withdraw forces surrounding Iran, end its naval blockade, and support with the reopening of the Strait of Hormuz. The final stage of talks are expected to center around Iran's nuclear and economic issues. Iranian state media also said that current MoU would not include any negotiations regarding Iran's nuclear program, with these talks to be held after the 60-day mark following the implementation of the MoU.

Frequently asked questions

Iran states no final decision has been made and it will not compromise on its "red lines." US officials have indicated a framework agreement is close, pending approval, but the White House has called a purported draft a "complete fabrication."

Negotiators are reportedly going back and forth on language points, including the question of enrichment. A lack of trust and constant changes in the US position are also cited as delays.

The Strait of Hormuz is a critical chokepoint for global energy trade. A potential deal could allow "unrestricted" passage and give Iran 30 days to remove mines from the area.

Iran's foreign ministry claims the US continues to violate the ceasefire and asserts that a ceasefire in Lebanon is an essential condition for any deal to end the war.

What Happens Next

01US and Iranian negotiators will continue discussions on language points, including enrichment.
02President Trump will consider the proposal for a tentative agreement.
03Iran and Oman will manage the routing of vessels through the Strait of Hormuz.
04US and Iranian teams will discuss Iran's nuclear program and its stockpile of highly enriched uranium.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

Iran has not finalized a decision on a potential US agreement, stating it will not compromise on its "red lines."
Iran's Foreign Ministry states no final decision on a US agreement has been made, pending review by authorities.
Iran's state media states that under a draft US deal, Tehran would not cede control of the Strait of Hormuz.
The Iranian government has rejected pressure regarding the finalization of the US Memorandum of Understanding (MoU).
Iranian governing institutions must conduct a final review of the draft agreement prior to its confirmation.
The draft memorandum requires the US to lift secondary sanctions, withdraw forces surrounding Iran, end its naval blockade, and support with the reopening of the Strait of Hormuz.
Final stage of talks are expected to center around Iran's nuclear and economic issues.
Current MoU would not include any negotiations regarding Iran's nuclear program, with talks to be held after the 60-day mark following the implementation of the MoU.

Sources

T1
Iran says no final decision made on possible US agreement, IRNA saysReuters via PiQSuite
T1
Iran says no final decision has been made on proposed agreementmiddleeasteye.net
T1
Tehran would not cede control of Hormuz under draft US deal: state mediamiddleeasteye.net
T1
Iran refuses US pressure on MoU draft until final review: state mediamiddleeasteye.net
T2
US and Iran 'very close' to deal but 'not there yet', Vance says - BBCbbc.com
T2
Trump recently edited possible U.S.-Iran agreement, including on ...cbsnews.com
T2
Iran rejects US deal without firm guarantees as Washington warns ...france24.com

Related Stories

US official: Washington committed to talks with Iran amid tensions
9 Jul · 9:50 PM
Iran criticizes NATO talks on Hormuz Strait as 'politically motivated'
10 Jul · 3:20 AM
Iran warns Europe against aiding US attacks, citing security risks
10 Jul · 2:45 AM
ECB back to square one on inflation as Middle East tensions reignite energy price concerns
9 Jul · 9:10 AM
Iran missile and drone attacks cause no major damage or US injuries
9 Jul · 4:35 PM