New Delhi (India), June 15: A significant diplomatic breakthrough appears to be underway in the Middle East, with Iran and the United States reportedly moving towards a peace agreement that could be signed in Geneva, Switzerland, on June 19.
However, Iran has stated that this is not a peace deal as described by US President Donald Trump. According to Iran, both sides will sign the memorandum of understanding (MoU) to stop the military activities.
The proposed deal is expected to halt military action across multiple fronts, including in Lebanon, and could mark a major step towards ending over 100 days of regional conflict that has disrupted global trade and heightened geopolitical tensions.
According to the media reports, the initial agreement focuses primarily on restoring navigation through the Strait of Hormuz, a critical global energy corridor that has remained severely disrupted for nearly three months.
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The reopening of the waterway is expected to ease pressure on international oil markets and global supply chains.
American media reported from sources that the current framework does not directly address Iran's nuclear enrichment programme. Instead, both sides are expected to begin separate nuclear negotiations during a 60-day period following the signing of the agreement.
Several contentious issues remain unresolved. Iran is seeking access to a portion of its frozen overseas assets, estimated at around $100 billion, and has reportedly demanded that at least half of the funds be released immediately.
However, reports suggest Washington has not yet agreed to the proposal.
The talks, which reportedly involved lengthy discussions with mediators including Qatar, have also focused on lifting restrictions affecting maritime traffic in the Strait of Hormuz.
While the United States is expected to ease certain measures impacting shipping, details regarding future transit charges and operational arrangements remain unclear pending the release of the final draft.
Questions also persist over the future of Iran's nuclear infrastructure. US President Donald Trump has maintained that further discussions could include measures related to Iran's stockpile of enriched uranium.
Whether Tehran would agree to such arrangements remains uncertain.
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Media reports suggest the draft deal calls for an end to hostilities involving all parties, raising questions about how Israel will respond once the agreement takes effect.
War observers have cautioned that the key differences remain intact, and that further developments between the two sides will be crucial in determining whether the breakthrough can be translated into a lasting agreement.
Ends.
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